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Jaitley’s LTCG tax screws Entrepreneurs

2 replies on “Jaitley’s LTCG tax screws Entrepreneurs”

The kind of money the entrepreneur will make on listing will the investors make?. Why crib then

Fact of the matter is that zero tax on LTCG is applicable only to listed companies. When entrepreneurs are building their company, and issue shares to themselves at throwaway prices, it is an unlisted company. Then why call this rule as ‘screws Entrepreneurs’?
In fact, ESOPs given by companies to employees should also be taxed at nominal LTCG rather than zero tax, since they are issued to employees without having paid STT.

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