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Abolishing Personal Income tax - What do you say?
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<blockquote data-quote="skoka123" data-source="post: 2249195" data-attributes="member: 20086"><p>I think you are missing the point. I have sold my company shares at Rs 10. No matter what the current market price is I cannot get a penny more for the shares that I already sold. Now, whether more people to are going to buy the shares of my company from the open market or not due to low LTCG is none of my concern as they are not my shares anymore. It belongs to the shareholders.</p><p></p><p>Again, I think you are wrong in assuming that money in banks is idle money for the economy. It were we would not be having Mallya, Neerav Modi etc. Bankers and the govt would prefer that people park their money in banks and preferably FDs so that that money can be used for giving out cheaper loans.</p></blockquote><p></p>
[QUOTE="skoka123, post: 2249195, member: 20086"] I think you are missing the point. I have sold my company shares at Rs 10. No matter what the current market price is I cannot get a penny more for the shares that I already sold. Now, whether more people to are going to buy the shares of my company from the open market or not due to low LTCG is none of my concern as they are not my shares anymore. It belongs to the shareholders. Again, I think you are wrong in assuming that money in banks is idle money for the economy. It were we would not be having Mallya, Neerav Modi etc. Bankers and the govt would prefer that people park their money in banks and preferably FDs so that that money can be used for giving out cheaper loans. [/QUOTE]
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Abolishing Personal Income tax - What do you say?
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