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What is the liklihood that long term capital gains will go up in 2008?

Should i realize the gain in 2007 or 2008? can congress raise this tax rate in 2008? if it happens in late 2008 can they make it retroactive to early 2008?
it is currently 15% what rate could it go up to in 2008?

You have asked your question in Taxes-India and my answer is about Indian Taxation.

I don't think it will be raised. Now the long term cap. gains tax for shares are NIL and for other than shares it is 20%. Actually the long term capi. gains is very high for other than shares and it should be decreased.

The Govt. will not touch shares long term capi. gains because it is getting more amount by way of shares transaction tax.

very good

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