News From Press Income tax on gains from stocks, equity mutual funds set to be revamped: Report

Income tax on gains from stocks, equity mutual funds set to be revamped: Report

In Budget 2018, long term capital gains on equities including equity mutual funds were made taxable

Mint Oct 30, 2019

The government is considering a revamp of the income tax structure on equities to boost investor sentiment, television channel CNBC Awaaz reported, citing sources. The existing long term capital gains (LTCG) tax, the securities transaction tax (STT) and dividend distribution tax (DTT) are under review, the report said. This comes in the wake of a sharp cut in corporate tax rates last month. The Sensex was up 600 points in afternoon trade.

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