“LTCG tax is a muddled plan that reduces incentive for risk taking, relies only on compliance.”
Tax on long term capital gains (LTCG) is back. Since a window has now been opened to taxing this income by introducing a flat rate that treats this income differently from other sources of income, it can only be expected that substantial tinkering will happen in this section of the Income Tax Act in future.
courtesy: economic times
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