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Home International Markets

Broking stocks slip on LTCG reintroduction

byTahir Iqbal
01/02/2018
in International Markets
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NEW DELHI: Shares of brokerage firms slipped in the trade after Finance Minister Arun Jaitley reintroduced long-term capital gains tax in Budget for 2018-19.
The government today introduced long-term capital gains (LTCG) tax of 10 per cent on stock market gains exceeding Rs 1 lakh, sending the market tumbling. Anita Gandhi, Whole Time Director at Arihant Capital MarketsBSE 1.79 % said the LTCG is expected to disappoint the equity market to some extent.

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