No move to scrap LTCG tax on equities: Govt
The government told Parliament there is no current plan to abolish long-term capital gains tax on equities for domestic or retail investors.
Minister of State for Finance Pankaj Chaudhary stated tax policies are revised periodically as part of the annual budget and legislative process.
The tax rate of 12.5% for domestic and retail investors is the same as for FPIs on equity investments.
The government rationalized tax treatment for FPIs in government securities by exempting interest or capital gains from income tax to align with other jurisdictions.
Investor demands for LTCG tax changes gained traction after the Centre amended laws to attract foreign investment in government securities.
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