INSUBCONTINENT EXCLUSIVE:
long-term capital gains (LTCG) tax imposed on profit above Rs 1 lakh in the last Budget will, in all probability, continue in this year's
Budget, sources said.The sources said that there were neither chances of a hike above 10 per cent nor of an increase in exemption limit
above Rs 1 lakh.The long-term capital gains tax was imposed on shares being held for more than one year
grandfathered by government
could boost capital markets, which have turned dry since January 2018 amid multiple domestic and global issues -- that's the thinking in
the possibility of a hike in the long term capital gains (LTCG) tax to increase revenue of the government
LTCG tax is expected to reduce gains in the benchmark indices Sensex and Nifty this year.After the announcement in last Budget, the
government had said that currently the amount of income earned from the stock markets that is exempt from this tax works out to Rs 3.76 lakh
crore which would translate into a tax collection to the tune of Rs 37,000 crore.Finance Minister Arun Jaitley had re-introduced LTCG tax on
equity in his last budget
such a tax has not been given by the government
"In view of grandfathering, this change in capital gain tax will bring marginal revenue gain of about Rs 20,000 crore in the first year
per cent levy on capital gains of over Rs 1 lakh without the benefit of indexing, making it co-exist with the securities transaction tax or
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