LTCG exemption, clarity on dividend taxation top markets' Budget wish list

Industry players want govt to bring tax parity between Ulips and equity MFs, cut in STT and CTT

As in previous years, capital market participants have a number of expectations from the Union Budget this year. A number of these are long-standing demands, whereas a few have stemmed from the budgetary changes effected last year. Business Standard takes a look at some of the key industry proposals and changes that the government might consider ahead of this year’s Budget:

LTCG and STT

Industry players are hopeful that the government will exempt tax on long-term capital gains (LTCG) arising on sale of listed equity shares. The government could also streamline the holding period for granting such exemption to 24