Market mavens are divided on the recent hike in long-term capital gains tax (LTCG) from 10 per cent to 12.5 per cent on equities. Some believe it will discourage long-term investing in stocks and enhance the appeal of other asset classes. Others argue that the rates are still lower compared to some global peers and will primarily affect the ultra-rich, who derive most of their gains from the capital markets.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
Read More
