LTCG Tax Abolition Feasible With STT Hike, Limited Fiscal Impact: SBI Research
The Government of India could abolish long-term capital gains (LTCG) tax across investor categories without significantly affecting fiscal consolidation, according to a report by SBI Research. In its latest Ecowrap report, the research division estimated that removing the tax could result in a revenue loss of Rs 40,000-50,000 crore in FY28, equivalent to approximately 0.1-0.2% of gross domestic…
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