Budget 2021: Investors breathe a sigh of relief as FM skips LTCG, STT hike

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Budget 2021: Investors breathe a sigh of relief as FM skips LTCG, STT hike
ETMarkets.com
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Heading into the Budget, most investors were concerned that the government may look at increasing the long-term capital gains tax or the securities transaction tax in order to boost its revenues, especially as the stock market has witnessed a breakneck rally since the beginning of April.

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Money managers had said that the government needed to bring out an equity friendly Budget, implying no changes in taxations related to the stock market, in order to ensure that its divestment plans went smoothly in the next fiscal year.

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