Quick Summary
AAP Rajya Sabha MP Raghav Chadha has urged the Central Government to abolish Long-Term Capital Gains (LTCG) tax on equity investments for individual investors, stating that the current tax structure discourages long-term savings and penalises genuine investors. In a video statement shared on social
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
Raghav Chadha is urging the Central Government to abolish the Long-Term Capital Gains (LTCG) tax on equity investments specifically for individual investors.
He believes the current tax structure discourages long-term savings, penalises genuine investors, and hinders household wealth creation. He also aims to reduce excessive speculation in financial markets.
He welcomes the increase in Securities Transaction Tax (STT) on derivatives, stating it could help curb reckless speculation in futures and options trading.
Raghav Chadha cited Switzerland, Singapore, and the UAE as countries that do not levy long-term capital gains tax on equity investments for individuals.
According to Chadha, it could encourage long-term equity investments, reduce speculative trading, shift household savings from gold and real estate to equities, and strengthen capital formation and economic growth.
Despite expectations, the LTCG tax on equities remains unchanged, while STT on derivatives has been increased, reigniting debate on whether India's tax policy rewards long-term investors.
CAclubindia
