ANMI also sought tax rebates for those who paid securities transaction tax (STT) with business income. Representational image
New Delhi: Finance Minister Nirmala Sitharaman will present the Union Budget for the financial year 2021-22 on February 1. Ahead of the Budget presentation, stock brokers have sought higher rebate ceilings for long-term capital gains taxes (LTCG) and an exemption of individual dividend tax liability of up to Rs 10,000 for each listed company to encourage savers to invest long term in equity assets.
The
Economic Times mentioned in a report that the Association of National Stock Exchange Members of India (ANMI) chairman Pramod Chandra Mody, in a pre-budget letter to the tax authorities, has sought the increase in LTCG exemption limit beyond Rs 1 lakh.