Imposition of LTCG on shares would mean more Book Keeping and avoidable expenditure on the services of C A s and Income Tax advisors and Inspector Raj expenditure.
In case of any omission , even if inadvertent by the Investor ,it would mean , in the eyes of the Govt,criminalisation of the Investors '' hard earned savings and investment.
STT was started in lieu of LTCG and not to complement .
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