With just over three weeks to go for Finance Minister Arun Jaitley to unveil his fifth Union Budget, years- old fear of re-introduction of long-term capital gains tax on equity investments has returned to haunt investors on Dalal Street.
Market watchers say strong domestic flow to equities in recent months has so far offset foreign outflows and is fulfilling the basic aim of exempting long-term equity investments, which is to promote long-term equity investment. So, the governmen ..