Stock investors may get tax relief as Centre reviews LTCG proposals
- The Centre is reviewing proposals to change long-term capital gains LTCG tax on stocks, on October 13.
- Finance Minister Nirmala Sitharaman said the government is open to suggestions but has promised no tax cuts.
- Currently, eligible stock market profits above ₹1.25 lakh annually attract a 12.5% long-term capital gains tax.
- SBI Research proposed scrapping the tax and extending the holding period to 2–3 years to attract long-term investors.
Source: moneycontrol.com
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