News From Press LTCG tax cut in budget 2020? May be, but don’t rule out its return in future

LTCG tax cut in budget 2020? May be, but don’t rule out its return in future

After the re-introduction of LTCG tax, investments held in equity schemes over a year were taxed at 10 per cent. Howeve

Source: The Economic Times Feb 1, 2020

Will the finance minister Nirmala Sitharaman cut LTCG or long-term capital gains tax on equity mutual funds? Everyone – be it mutual fund managers, advisors, or investors – is eagerly waiting for the budget tomorrow. ETMutualFunds.com has a different take on this. No, we are not using the opportunity to speculate about a possible tax cut, but why you should be careful about this aspect in your calculations about your future goals.

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