Budget 2019 expectations: Companies demand waiver from triple taxation for ETF investors - Will Modi-Jaitley waive it off?
The Long-Term Capital Gain (LTCG), Security Transaction Tax (STT) Dividend Distribution Tax (DDT) result in triple taxation of corporate earnings.
India already has a low percentage of investors who deal in stock exchange-traded instruments. Thus, there is a need to pull these investors, which isn’t possible if LTCGs exist. Photo source: Reuters