Finance Minister Arun Jaitley has finally decided to ride the bull. The long-term capital gains tax (LCGT) in this case is 20 per cent after indexation. "It's a pity that STT remains and LTCG tax is back. It's okay to tax LTCG but STT should be removed," Nirmal Jain, founder of IIFL Group tweeted. "Having a 10% tax on long term gains to my mind will also ensure that investors reduce churn especially in mutual fund products.

Source: Economic Times February 01, 2018 07:24 UTC