The long-term capital gains on listed securities and the dividend tax on equity mutual funds is a right step to generate resources required for driving demand in rural India. With this move, the Budget has also neutralised the unfair tax regime of Zero tax on the long-term capital gain on listed equities vs any other asset class like Venture Capital, Real Estate, Start-ups, Debt Funds etc. We admire the appreciation by the Finance Ministry on the role played by the Venture Capital Funds & the angel investors. Today’s step shall encourage much-needed investment required in Indian start-ups.
- Post-budget 2018 Reaction Mr. B Anand, CEO, Essar Oil (a Rosneft & Trafigura-UCP company)
- Post-budget 2018 Reaction Mr. Sanjay Bahl, CEO and MD, Centum Learning