LTCG tax abolition may cost Rs 40k-50k crore
NEW DELHI: Government could abolish long-term capital gains (LTCG) tax across investor categories even keeping its fiscal consolidation road map largely unaffected, as the resulting revenue loss is likely to be limited to Rs 40,000-50,000 crore in FY28, a report said on Tuesday.The report from SBI Research estimated that eliminating LTCG tax would reduce govt…
