Comment on Stock market scams everyone should be aware of

Anil K commented on 14 Feb 2020, 02:57 AM

Nithin, do you really think that the ltcg tax of 10% was imposed to trap the 20 or 200 operators making money thru this penny stock way. If the scale of the problem of black money conversion by this method was so big, don’t you think the government should improve their economic intelligence unit and nab these operators, rather than using a sledgehammer approach of a blanket tax that affects us all. We normal investors are thus paying for the governments inability to catch the crooks who manipulate these penny stocks. I don’t understand why it be so hard to catch these operators post facto especially since trading is entirely done digitally with traceability, KYC, pan, etc and what not.

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