Government earned Tax of Rs.98,681.34 crore from Long Term Capital Gain
The Minister of State in the Ministry of Finance Shri. Pankaj Chaudhary has stated in response to a question raised in Lok Sabha that the Government earned a Tax of Rs.98,681.34 crore from Long Term Capital Gain.
The Minister Shri Javed Alikhan and Shri Ramji Lal Suman asked the question in Lok Sabha:
Will the Minister of FINANCE be pleased to state:
(a) whether the Government is contemplating to abolish long term capital gains (LTCG) tax on equities/mutual funds during 2024-25;
(b) if so, the details thereof; and
(c) if not, the reasons therefore along with the details of total tax collection due to the imposition of LTCG tax since 2018 till date, year-wise?
The Minister of State in the Ministry of Finance Shri. Pankaj Chaudhary replied:
(a) & (b) There is no such proposal to abolish long term capital gains (LTCG) tax on equities/mutual funds during 2024-25.
(c) The details with respect to long-term capital gains from e-returns are as under:
