InvestorQ : I read an interview of FM saying that she would review the LTCG tax next year. Is that correct?
Crowny Pinto made post

I read an interview of FM saying that she would review the LTCG tax next year. Is that correct?

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8 months ago
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She has not promised to review the LTCG tax. The only thing she said was that 2 year was too short a time frame to review the impact of the LTCG tax and hence she would prefer to wait for another year to get some credible feedback on the subject. Nirmala Sitharaman has only said that the government would be able to review the impact of the LTCG tax in a normal year, since the last two years were abnormally volatile due to the slowdown. In the first two years, the impact of the LTCG tax has been minimal and that is the reason there have been demands to scrap the same. As of now the government stand on the LTCG tax is not too clear.

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