New Delhi — In what could mark one of the most significant shifts in India’s indirect taxation architecture since its inception, the Goods and Services Tax (GST) Council is set to deliberate on a sweeping proposal to decriminalize various tax offences. At the heart of this proposed reform is the complete removal of pre-prosecution arrest […]
Government Reaffirms Commitment to LTCG Tax Regime: No Plans to Scrap Levy on Equities
New Delhi: In a definitive statement that settles ongoing market speculation, the Union Government has categorically ruled out any immediate plans to abolish or roll back the Long-Term Capital Gains (LTCG) tax on equity investments. The clarification, provided by the Ministry of Finance during the monsoon session of the Lok Sabha, underscores the government’s reliance […]