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The Central Government may soon withdraw the Long Term Capital Gains (LTCG) tax. Withdrawal of LTCG tax can provide major relief to many big companies. Talking to 'The Indian Express', two senior government officials said that the Prime Minister's Office and the Ministry of Finance had a serious consultation regarding LTCG tax. There is a possibility that this can be announced by the Finance Ministry in the budget presented in the month of February this year. E

Earlier LTCG taxes were levied on the shares

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of big companies for the purpose of making a fair contribution to nation building. At that time, this decision was taken by the Finance Ministry after the direct intervention of Prime Minister Narendra Modi. But now the government and big companies have found that it is becoming difficult to collect revenue from LTCG. After which the government has decided to abolish this tax to encourage long-term flow in equity.

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The post modi government is considering a partial or complete rollback of the long term capital gains – preparing to give another big relief to big companies, government can eliminate LTCG tax implemented after 14 years appeared first on Khabar Bollywood.

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