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Budget 2018: Govt withdraws long term capital gains for listed shares

Starting April 1, 2018 all the listed shares held for more than one year will suffer a 10% tax

Pavan Burugula  |  Mumbai 

Central Government has rolled back the exemptions on long term capital gains for investors holding listed securities. According to the Union Budget 2018, all listed shares held for more than one year will be subjected to capital gains tax of ten per cent.

Until now, such transactions were exempt from such a levy. In order to soften the blow and prevent any sell-off in the markets, government has exempted any gains made until January 31 from the provisions. Market participants say re-introduction of long-term capital gains could lead to a significant change in the investment ...

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First Published: Thu, February 01 2018. 15:33 IST
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