Business Today

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

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

     Last Updated: July 9, 2014  | 14:06 IST
'Eliminate long-term capital gain for unlisted shares'
Gopal Srinivasan, Chairman, TVS Capital Funds Limited.

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


FULL COVERAGE:Union Budget 2014

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.

 

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close