Report suggests India could abolish Long-Term Capital Gains tax
4 reports, 1 independent
Updated Tue 00:00
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AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
A report by SBI Research suggested that the government could abolish Long-Term Capital Gains (LTCG) tax across investor categories. The report also recommended raising the annual LTCG exemption threshold from Rs 1.25 lakh to Rs 2 lakh and linking it to inflation. The report noted that LTCG collections were estimated at around Rs 1 lakh crore in FY26.
From indiagazette.com
Why it matters
The potential revenue loss from scrapping the tax is estimated to be limited to Rs 40,000-50,000 crore in FY28, which amounts to 0.1-0.2 per cent of GDP. SBI Research stated that the government could absorb this shortfall while maintaining its fiscal glide path.
From indiagazette.com
Who's involved
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The entities involved
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New Delhi
capital city of India
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