Over 3.4 lakh investors dealing in listed equity shares and mutual funds are suspected to have evaded or not reported long-term capital gains tax, an analysis by the income tax department showed, prompting authorities to dismiss demands for the abolition of the levy introduced two years ago.
Data analysis on the impact of LTCG, showed that during 2018-19, around 91,000 individuals and Hindu Undivided Families (HUFs), or 16%, dealing in listed shares and mutual funds who sold listed shar ..
