Panel recommends abolishing short term capital gains tax

The festive season could come early for the markets, as experts say the Parthasarathi Shome committee report on General Anti-Avoidance Rules (GAAR) is just what the doctor ordered for boosting sentiment on the Street. The panel had yesterday recommended the postponement of GAAR by three years and abolition of short-term capital gains tax, and the general consensus is the new regime in the finance ministry would be favourably disposed towards accepting these
http://www.business-standard.com/india/news/market-sees-sunshine-as-gaar-clouds-disappear/485195/

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