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    <title>Rationalisation of long term capital gains proposed</title>
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    <description>Proposal to tax Long Term Capital Gains on listed equity shares, units of equity-oriented funds and business trust units above a specified exemption threshold at 10% without indexation, with gains up to 31 January 2018 grandfathered; and to impose a 10% tax on distributed income of equity-oriented mutual funds to equalise treatment between growth and dividend funds, justified by revenue broadening and removal of a bias favoring financial asset investment.</description>
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      <description>Proposal to tax Long Term Capital Gains on listed equity shares, units of equity-oriented funds and business trust units above a specified exemption threshold at 10% without indexation, with gains up to 31 January 2018 grandfathered; and to impose a 10% tax on distributed income of equity-oriented mutual funds to equalise treatment between growth and dividend funds, justified by revenue broadening and removal of a bias favoring financial asset investment.</description>
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