LTCG tax abolition may cost Rs 40k-50k crore

Published 04 Nov 2026, 03:37 IST

What's behind this

Union Bank of India has urged the government to change the long‑term capital gains (LTCG) tax on equity investments, proposing a zero‑tax rate for holdings held beyond three years and lower rates for shorter holding periods. The bank’s report calls for broader tax reforms, policy stability and structural changes aimed at improving investor returns and enhancing India’s appeal to global capital.

AI-generated overview from 2 outlets. It summarises their reporting and adds no reporting of its own.

What each side is saying

One outlet's own words from each side of the spectrum. Quoted, not summarised.

center · 1 outlet

LTCG tax abolition may cost Rs 40k-50k crore

— The Times of India

Coverage arrived over 32 hours — first from The Times of India, latest from Livemint.

✓ Corroborated Coverage 2 news outlets reporting

Fact-Check & Bias Analysis

Reported by multiple independent newsrooms.

Coverage Bias Distribution

Based on 2 reporting publishers

C 50%

R 50%

Left / Center-Left 0 (0%)

Center 1 (50%)

Center-Right / Right 1 (50%)

Compare all reporting outlets (2)

The Times of India Center Bennett, Coleman & Co. Current article 04 Nov 2026, 03:37 IST

LTCG tax abolition may cost Rs 40k-50k crore

Read full article at The Times of India ↗

Livemint Center-Right HT Media Ltd. 05 Nov 2026, 12:26 IST

Equity LTCG tax relief buzz: SBI wants level playing field for bank deposits; key points for FD, savings account holders

Amid the growing debate over LTCG tax relief on equities, SBI Research suggested a level playing field between equity investments and bank deposits. It has proposed tax relief on savings account interest to make bank deposits more attractive to savers.

Compare on Varta → Read at Livemint ↗