Quick Summary
In a significant announcement, the Finance Ministry has categorically ruled out any plans to abolish the Long-Term Capital Gains (LTCG) tax, despite recent market downturns that saw investors losing over Rs 74 lakh crore. Minister of State for Finance, Pankaj Chaudhary, made this clarification in a
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FAQ :
No, the Finance Ministry has categorically ruled out any plans to abolish the Long-Term Capital Gains (LTCG) tax.
Currently, LTCG is levied at 12.5% on gains exceeding Rs 1.25 lakh from the sale of listed equity shares and units of equity-oriented mutual funds.
The market capitalization of all companies listed on NSE and BSE has reduced by around Rs 74 lakh crore from October 1, 2024, to March 18, 2025.
Despite recent fluctuations, the long-term outlook for Indian stock markets remains robust, with the NIFTY-50 index historically delivering a compounded annual growth rate (CAGR) of 11.13% since 1996.
Between FY20 and FY24, SEBI recorded 6,717 violation cases and issued disgorgement orders totalling over Rs 1,083 crore to combat market malpractices.
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