Government rules out LTCG tax relief for domestic equity investors!

Government rules out LTCG tax relief for domestic equity investors! The Finance Ministry has clarified that there is no proposal to remove or reduce the long-term capital gains (LTCG) tax on domestic equity investments. The current 12.5% LTCG tax on listed equities remains unchanged. The clarification follows speculation after tax benefits were announced for certain foreign investors in government securities.