Low or zero tax rate is given to certain types of financial income.“ Back in December, PM Narendra Modi gave a scare to equity investors with this statement. For the markets, it was reasonable to assume that this was a clear signal that zero tax on long term capital gains (LTCG) was on the way out in the 2017 budget . The question is important because in case one or two, those who are holding unrealised long term capital gains can easily (and legally) protect these from tax. In a somewhat similar fashion , you may trust Jaitley and believe that the zero tax will stay , but why take a chance? Effectively , you have just one week to shake off your inertia and protect your long-term gains.

Source: Economic Times January 23, 2017 04:19 UTC