Government Rules Out Scrapping LTCG Tax on Equity Investments
The Union government has firmly stated that it has no intention of abolishing or scrapping the Long-Term Capital Gains (LTCG) tax on equity transactions for retail investors. The Finance Ministry clarified to Parliament that there are no proposals under consideration to remove this tax structure, confirming that the current 12.5% LTCG tax remains unchanged. This clarification was issued in response to recurring demands from market participants seeking either the abolition of the LTCG tax or an increase in the exemption level. The government emphasized that while tax policies, including capital gains rates, are periodically reviewed as part of the annual budget process, there is currently no proposal to offer long-term tax relief for domestic equity investors.
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