Ace investor Vijay Kedia has called for the abolition of long-term capital gains tax on listed equities, arguing that long-term investors should be treated as providers of patient capital rather than speculators.
In a post on microblogging platform X, formerly Twitter, Kedia said long-term shareholders play a critical role in helping businesses expand, create jobs, innovate and contribute to India’s economic growth. According to him, investors who stay invested in companies over long periods support wealth creation and nation building.
