Who gains and who loses if FM changes tax norms in the coming Budget

Every year during the fortnight preceding the Budget, a lot of expectation builds up among market participants about the sops the Finance Minister may offer this year. The government usually offers them to a sector, or a financial instrument, if it wants to enhance its attractiveness in the eyes of prospective investors. But it does so only if it believes that the benefits, say, in the form of additional investments attracted, will outweigh the losses in the form of revenue forgone.   This year there is lot of speculation that long-term capital gains (LTCG) tax on equities m.....

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