Last Updated : Feb 02 2018 | 1:38 AM IST
The Centre has finally bitten the bullet on increasing taxes on capital market investments with reintroduction of long-term capital gains (LTCG) tax after 14 years. The
Union Budget 2018 proposed to levy 10 per cent LTCG tax on profits of more than Rs 100,000 on shares and other equity-oriented investments. Until now, such transactions were entirely exempt from taxes, while a flat 15 per cent rate was applicable on short-term capital gains (profits made on investments held for less than a year).
Market players said levy of LTCG without scrapping of the securities transaction tax