Longer holding period, lower LTCG: Could government reward patient equity investors?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The government may restructure long-term capital gains tax on equities before the upcoming Budget.
- ✓Sources said officials are considering changes after Finance Minister Nirmala Sitharaman on October 13 said the government would be keen to hear stakeholder views.
- ✓Currently, gains over Rs 1.25 lakh are taxed at 12.5 percent.
Story at a Glance
- Category
- MARKET
- Reported By
- MoneyControl
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
A decision to restructure long-term capital gains (LTCG) tax on equities, held by both foreign and domestic investors, may be taken in the coming weeks and before the Budget, sources privy to the matter, including a government official, told Moneycontrol. This update comes after Finance Minister Nirmala Sitharaman on October 13 said the government would be keen to hear stakeholder views and debate around the long-term capital gains (LTCG) tax. For investors, the current tax treatment remains important when deciding when to sell shares, redeem equity mutual funds or exit exchange-traded funds (ETFs).
Here is what you need to know about LTCG tax rates, exemptions and the costs that can affect your final returns. What are the current LTCG tax rates on equity investments?
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