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Modi government won't scrap LTCG tax on equities anytime soon
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NewsBytes
Chaudhary further explained that tax policies, including capital gains rates, are periodically reviewed as part of the annual budget exercise and legislative changes.
He said these reviews are done after considering macroeconomic parameters.
This statement comes amid repeated demands from investors and market participants to roll back the LTCG tax.
Some have argued that it discourages long-term investing and reduces post-tax returns on investments.