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STT and LTCG should not co-exist, one of them must go: Nilesh Shah

Reported by: BusinessLine ·

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Kotak Mahindra Bank

Summary

BusinessLine reported that Nilesh Shah, Managing Director of Kotak AMC, said securities transaction tax (STT) and long-term capital gains tax (LTCG) should not co-exist, and one of them must go. The same report said Shah spoke on how global investors are rediscovering India and on how valuations are far more reasonable. STT is a tax charged on every purchase and sale of shares on an exchange. LTCG is the tax on profit made from selling shares held for more than a year. The headline gives no figure, date or official proposal, so this is Shah's stated view, not a rule change.

AI summary of what BusinessLine reported. AI can make mistakes. Read the full story on BusinessLine

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BusinessLine  · · Tone 0

STT and LTCG should not co-exist, one of them must go: Nilesh Shah

Nilesh Shah, Managing Director of Kotak AMC, on how global investors are rediscovering India, and how valuations are far more reasonable and more

Some headlines quote an analyst. Those views are theirs, not ours.

Key terms

Words in this story, explained in plain language in our Learn pages.

  • STT

    A general guide to how profits from shares, mutual funds and deposits are taxed in India: short-term vs long-term, holding periods, dividends and why to check current rules.

    Learn: Taxes on investment gains in India

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