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Budget 2014 Eliminate long-term capital gain for unlisted shares'

July 9, 2014

Business Today spoke to Gopal Srinivasan, Chairman, TVS Capital Funds Limited on his exepectations from the Budget.


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1. Fiscal deficit reduction: Be as tough, as bold as innovative as needed. The government must be fiscally strong is the most obvious principle.  

2. Simplify taxation: Best example is the need to establish fair market value for private investment in a start-up. Introduce GST.

3. Focus on funding entrepreneurship as the "sabka vikas" enabler: Make institutional capital easily available by allowing charities and pensions to invest in AIFs. Introduce pass-through taxation for administrative ease for all AIFs. Eliminate long-term capital gain for unlisted shares. Funds will flow to small and mid-cap start-ups and unlisted companies.  And jobs will rapidly rise in the corporate sector.

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