The Finance Ministry clarified there is no proposal to scrap the long-term capital gains tax on equities. Minister Pankaj Chaudhary stated tax rates are periodically reassessed during Budget exercises. The government collected ₹2.01 trillion in LTCG tax over FY 2023-24 and FY 2024-25, with collections rising nearly 79%.
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No Proposal To Scrap LTCG Tax On Equities: Finance Ministry
