Quick Summary
The NDA government has reported a significant increase in revenue from long-term capital gains (LTCG) tax on listed equities, with collections reaching Rs 98,681 crore for the fiscal year 2022-23. This marks a notable 15% growth compared to the Rs 86,075 crore collected in the previous fiscal year, according to Minister of State for Finance Pankaj Chaudhary, who addressed the Rajya Sabha on Tuesday. Historical LTCG Tax Collections Chaudhary also shared historical data on LTCG tax collections s
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FAQ :
The government earned approximately £98,681 crore from long-term capital gains tax on listed equities in the fiscal year 2022-23.
There was a notable 15% growth in capital gains tax revenue from listed equities, increasing from £86,075 crore in 2021-22 to £98,681 crore in 2022-23.
Capital gains tax on equities and equity-oriented mutual funds was implemented in April 2018, with an initial tax rate of 10% on gains exceeding £1 lakh annually.
Recent changes include a uniform 12.5% LTCG tax rate for all asset classes, an increased STCG tax rate on equity investments to 20%, a higher tax-free limit of £1.25 lakh for LTCG on equities, and the elimination of the indexation benefit.
The holding period for listed securities to qualify as long-term investments has been extended from 12 months to 24 months.
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