BusinessFinance Minister Arun Jaitley Clarifies On Capital Gains Tax After PM Modi's Speech
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Finance Minister Arun Jaitley Clarifies On Capital Gains Tax After PM Modi's Speech
Arun Jaitley says no intention to impose tax on long-term capital gains
Interpretation being given to PM Modi's speech not correct, he says
PM made no such statement directly or indirectly, finance minister adds
The finance minister said the interpretation being given to PM Modi's speech on Saturday isn't correct.
New Delhi: Finance Minister Arun Jaitley on Sunday clarified that there is no intention of the government to impose tax on long-term capital gains from share transactions.
Referring to the speech by Prime Minister Narendra Modi in Mumbai the previous day, the finance minister said the interpretation being given to the speech was not correct.
"The speech has been misinterpreted in some sections of the media which have started specul...