The hope rally that Dalal Street has witnessed since December may come to a screeching halt, as some analysts are seeing a higher probability of the government tinkering with the long-term capital gains tax (LTCG) in the Union Budget.
The benchmark equity indices are trading near key resistance levels and a bout of profit booking cannot be ruled out should the government decide to restructure the LTCG structure, experts who spoke to ETMarkets.com suggest.
At present the long-term capital gains tax on equities is zero for a holding period above 1 year while short-term capital gains tax continues to be at 15 per cent.
