Union Budget 2017-18: Jaitley Tightens Screws On Money Launderers Using Stock Market - Dollar Advisory & Financial Services

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Thursday 2 February 2017

Union Budget 2017-18: Jaitley Tightens Screws On Money Launderers Using Stock Market

 

The Finance Ministry has changed the principles identifying with long haul capital increases assessment to make it harder for high networth people who launder dark cash through fake long haul capital additions.
At present, picks up on value speculations held for over a year are not subject to capital increases impose. From April 1, 2018, just those interests in values will be qualified for long haul capital additions, where securities exchange impose has been paid. As such, just shares purchased through the stock trade stage will be qualified for long haul capital additions charge.

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