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Politics destroys a city’s potential
There has been tremendous development in Hyderabad during the last one decade, but the recent Telangana protests have caused a huge loss to the city. It had become a hub for IT companies, and youngsters from across the country were heading towards the city in search of jobs. They were sure about getting jobs here as companies had promised that they would invest in the city and create jobs. However, the recent political drama has forced the companies not to fulfil their promises. Violence has sent a wrong signal to foreign companies also. Now youngsters passing out with professional degrees and have no jobs in their hands have to suffer. The government is not at all serious about solving the issue. It is not bothered about the plight of the common man.
PRERNA PRIYAKSHI, Bangalore
Investor guidance This has reference to the answer to the query from Mr Bhupendra in 'Invester Guidance' by Mr A. N. Shanbhag (Nov 6). Under the heading, “No tax on capital gains from inherited shares”, based on the answer to the query regarding the tax status of inherited shares sold, the author has suggested that tax is not levied on the sale of only inherited shares, which forms a long-term capital asset for the assessee in accordance with the income tax rules. I would like to clarify here for the benefit of readers that the long-term capital gain on the sale of shares is always exempted from tax if STT (security transaction tax) stands paid, which, in most cases, is automatically deducted by the broker through whom the shares are sold. Therefore, to say that tax is exempted on inherited shares alone gives a false impression that shares which are not inherited can attract tax liability. Section 10 (38) of the Income Tax Act clearly suggests that the long- term capital gain on the sale of shares is fully exempt if the STT has been paid. SANJEEV TRIKHA, Fatehabad |
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Rising suicides The editorial “Fatal choice” (Nov 7) sensitises people of the real danger of rising suicides among youngsters. This definitely demands solutions. As a health and human rights activist, I strongly feel that the dangerous rise in suicide cases is still not on the political agenda, as is the suicide among farmers. No doubt, suicides are an outcome of depression, which has both genetic and biological facttors, but in the majority of the cases environmental factors act as triggers leading to great tragedies. Researchers in Vellore studied 20,000 children in the age group of 10-19 which showed an average suicide rate of 148 per 10,000. The comparable figure in the UK is only 2.1 per 10,000. I strongly believe that it is symptomatic of a deeper societal malice. Every young life lost raises many questions, and leaves behind a confused grieving family which fails to understand why their loved one took such a desperate step. Unfortunately, there are no quick fix solutions to the problem, but it definitely requires the nation’s attention to ensure complete overhaul of the education, examination and admission system along with a more important factor, as suggested, that children are fragile beings with brittle egos and have to be treated with love and respect. At a time when society has failed to instil moral, cultural and religious values, and there is no national initiative to handle the crisis, I strongly feel that the media can give a wake-up call and build a strong public opinion to save our younger generation. Dr. VITULL K. GUPTA, Bhatinda
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