LTCG tweak in the works: No levy on equity investment held for three years The government reintroduced the long-term capital gains (LTCG) on equities in Budget 2018.
With a view to boosting investor confidence on Dalal Street, the Finance Ministry is working on a package for capital markets, which may include withdrawal or some tweaking of the long-term capital gains tax (LTCG), ETNOW reported on Thursday, quoting government sources.
The report said the government is studying the possible impact of withdrawing LTCG after a three-year holding period. This means if you are investing in equities and holding them for three years, there will be no tax on the gains.
One cannot expect Government to be so simple...they will put some stupid conditions to make it difficult .....they have enough brainpower to assist them in doing some stupid things...
One cannot expect Government to be so simple...they will put some stupid conditions to make it difficult .....they have enough brainpower to assist them in doing some stupid things...
PM is singing Jammu Kashmir song.....nothing new in his speech....all repeat statements.......nothing on economy.....economic growth is unimportant....
PM is singing Jammu Kashmir song.....nothing new in his speech....all repeat statements.......nothing on economy.....economic growth is unimportant....
Unemployment rate is going at rocket speed...none bother about it..whole automobile industry in deep recession ( it supposed to be leading economic indicator) whereas our FM is busy stopping share market crash by taking back taxes for FII..