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Income tax on gains from stocks, equity mutual funds set to be revamped: Report

Wednesday, October 30, 2019, 7:45 PM

The government is considering a revamp of the income tax-structure on equities to boost investor sentiment, television channel CNBC Awaaz reported, citing sources. The existing long term capital gains (LTCG) tax, the STT and DTT are under review, the report said. This comes in the wake of a sharp cut in corporate tax rates last-month. The Sensex was up 600 points in afternoon trade.

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