Government earned Tax of Rs.98,681.34 crore from Long Term Capital Gain

02 August 2024Reetu

Government earned Tax of Rs.98,681.34 crore from Long Term Capital Gain

The Minister of State in the Ministry of Finance Shri. Pankaj Chaudhary has stated in response to a question raised in Lok Sabha that the Government earned a Tax of Rs.98,681.34 crore from Long Term Capital Gain.

The Minister Shri Javed Alikhan and Shri Ramji Lal Suman asked the question in Lok Sabha:

Will the Minister of FINANCE be pleased to state:

(a) whether the Government is contemplating to abolish long term capital gains (LTCG) tax on equities/mutual funds during 2024-25;

(b) if so, the details thereof; and

(c) if not, the reasons therefore along with the details of total tax collection due to the imposition of LTCG tax since 2018 till date, year-wise?

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The Minister of State in the Ministry of Finance Shri. Pankaj Chaudhary replied:

(a) & (b) There is no such proposal to abolish long term capital gains (LTCG) tax on equities/mutual funds during 2024-25.

(c) The details with respect to long-term capital gains from e-returns are as under:

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