LatestIncome Tax 21 July 2026
India Keeps LTCG Tax
The government has no proposal to scrap the long-term capital gains tax on equities, with the Centre collecting Rs 1.29 lakh crore from the levy in FY25, the government has informed Parliament, providing relief to investors who were speculating about a possible change in the tax regime, the move is expected to provide stability to the market and boost investor confidence
The government has decided to retain the long-term capital gains tax on equities. In the last financial year, the Centre collected a significant amount of Rs 1.29 lakh crore from this tax. This move is expected to provide stability to the market.
Some key points to note:
- The government has no plans to scrap the long-term capital gains tax on equities
- The Centre collected Rs 1.29 lakh crore from the levy in FY25
- The decision is expected to boost investor confidence and provide stability to the market
Need help understanding this update?
Connect with our domain experts instantly via WhatsApp for customized legal guidance.