Sunday , November 24 2024

Business

Global brokerage houses welcomed the budget while expressing displeasure over the increase in capital gains tax

Mumbai: Modi-III's first budget proposals have been welcomed by most global brokerage houses, although there is resentment over the increase in capital gains tax. The increase in capital gains tax will hamper equity and real estate asset classes. Financial assets are expected to benefit, negating the benefits of indexation on …

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