Hemant, pls dont speak without knowledge of the subject.If LTCG is free of taxation, its free of taxation. And saving tax by investment is only to a limited extent of abt 1 lac, so what abt a person who earns 5 lac in salary and a person who earns 10 lacs in LTCG, the rich keep on getting richer and the salaried middle class keeps sustaining the government by paying taxes. If we consider individuals, the salaried class is the most disadvantaged one, perhaps because they are not the votebank and shy away from politics and dont have any rep[resentation in politics.
