LTCG above Rs 1 lakh taxed at 10%, Sensex crashes

February 01, 2018 13:00

Long term capital gains exceeding Rs 1 lakh from sale of equities to be taxed at 10% without allowing benefit of indexation if the share is sold after January 31, 2018, says Jaitley.

Soon after he made the announcement the BSE Sensex crashed by over 400 points, to recover a little subsequently. But it is clear the investors are deeply upset over this move.

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