Amazing how NaMo has antagonized every body with his budget! Well the much talked about LTCG is going to be a pain in implementation, and very cumbersome record keeping for the tax payer. Surely the pain is going to be much more than the tax paid.

I have no complaints…but I find it odd that a person holding it for 2 years, 20 years or 50 years….the tax rate will be the same.

I would like a 10% tax with INDEXATION, not without indexation. None of the media people are talking about how it will be impacting you after 20 years.

When my dad invested in 1957, 1977, or around those times, he was paying FULL tax on dividends, and perhaps FULL tax on capital gains. However in 1992/3 dividends were made tax free (well 20% odd tax which is the dividend distribution tax). Now this is high for a retired person.

His capital gains was tax free till today.

However, his portfolio value of 31st Jan 2018. Now if I have got Colgate or Infosys in an IPO what will be my cost?

What if I have got shares in an IPO? I have not paid STT

well I am expecting a notification…so I will not panic. I will wait for the notification.

Here, Pranav, fellow Podarite speaks on capital gains…this is a comprehensive …except at the end of the discussion he talks about dividend tax…I am not sure Pranav is right.

the dividend tax is just to avoid the cap gain arbitrage ….so that is how it works..