VINAYAKSAVANUR
4 years 8 months ago
Sub: Request for corrective measures to encourage long-term equity investments.
Dear Ma'am,
Keeping in mind the interest of our country's economy, we at Sukhanidhi Investment Advisors request you to consider increasing the current long-term capital gains term from 1 year to 5 years and reduce the tax rate from 10% to 5%, in order to encourage investors to stay invested in equities for the long-term (5 years or more).
At the same time, to restrict speculative (trading) activities, you could consider including all transactions of less than 5 years under short-term capital gains and increase the tax rate from 15% to 25%.
This move will be instrumental in encouraging spending and creating an influx of funds for business growth, which will, in turn, boost employment and drive economic growth in the country.
We trust you will make the right decision keeping in mind the nation's best interests.
Thanking you
Sincerely,
VINAYAK SAVANUR
FOUNDER & CIO
mygov_164083508898181751.pdf
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