From The Tribune
Center Owned by The Tribune TrustGovernment has fiscal headroom to absorb Rs 50,000 crore revenue loss from LTCG tax abolition: SBI Research
What each side is saying
One outlet's own words from each side of the spectrum. Quoted, not summarised.
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left · 1 outlet
SBI Research suggests scrapping LTCG on equities, raising STT to offset the loss, and offering tax relief on savings and term deposits to rebalance household savings
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center · 1 outlet
The government could abolish long-term capital gains (LTCG) tax across investor categories without significantly disrupting its fiscal consolidation plans, as the revenue loss may be limited to Rs 40,000-50,000 crore in FY28, according to a report by SBI Research.
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right · 3 outlets
The proposal includes raising the annual exemption limit, reducing tax rates for longer holding periods and increasing the Securities Transaction Tax
RSS excerpt
The government could abolish long-term capital gains (LTCG) tax across investor categories without significantly disrupting its fiscal consolidation plans, as the revenue loss may be limited to Rs 40,000-50,000 crore in FY28, according to a report by SBI Research.