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FMP ROLLOVERNo. of comments:1 N MEHTA, CHENNAI, 3515 On 30-Jul-2014

WOULD ANYTHING PREVENT THE THEN FINANCE MINISTER TO AMEND FINANCE ACT AND MAKE FMP's TAXABLE IN COMING FINANCIAL YEARS AT THE NORMAL TAX SLAB RATES PREVAILING THEN, IN ORDER TO BRING LEVEL PLAYING FIELD WITH THE FIXED DEPOSITS!!!!! IS THE INDUSTRY THINKING!!!!! RETROSPECTIVE AMENDMENTS ARE ALWAYS RETROGRADARY AND EFFECTS LARGE NUMBER OF INVESTORS, ALWAYS, RAISE VOICE AGAINST SUCH AMENDMENTS , AMENDMENTS WHICH DO INJUSTICE TO A LARGER SECTION OF INVESTOR COMMUNITY!!!!!

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PADMAKAR KULKARNI ARN NO :90229 JALGAON, 31 Jul 2014

Our finance minister made amendments and accordingly FMP will get benefit of LTCG after 3 years, The reason mentioned by our FM that du Large corporate houses are taking benefit of earlier provision. But for the benefit of small class of retail investor .this new amendments may be made applicable to only corporate investor. So retail investor will be benefited and fund houses will not have much problem. So collectively matter may be taken with our Finance department for the benefit of small investor and ease the problem of fund houses.