On 1 February 2018, i.e., the day of the Union Budget 2018, finance minister Arun Jaitley announced capital gains tax @10% on long-term capital gains (LTCG) of equity and equity-oriented mutual fund (MF) schemes, starting this financial year. This announcement caused a lot of stir in the equity market. The broad-market indices—the S&P BSE Sensex and the Nifty 50—declined sharply and...
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