industry looks for a progrowth budget to get back to the high trajectory achieved in previous years the budget should encourage investment and boost savings at a time when the country cannot depend on the outside world to drive growth said shiva kumar managing director sbbj clear case of conflict of interests arising out of a few office bearers past and present being promotersinvestors in cipl it also amounts to misusing the name of codissia for your personal business which is prohibited as per various laws he charged into india during 201213 with 81billion inflows during the period under the indiamauritius tax treaty sale of investments in india by a resident of mauritius can be subject to tax only in mauritius which does not levy any capital gains tax india does not tax longterm capital gains arising on sale of listed securities which are held for more than a year however shortterm capital gains where shares are held for less than a year are taxed sale of unlisted securities is also subject to tax