• SENSEX
    NIFTY 50
VIDEOS
Economy

Government mulls reduction of equity-related tax rates

Updated : October 29, 2019 04:05 PM IST

The central government is learnt to be reviewing the equity-related tax rate prevailing in the country. The Department of Economic Affairs and the revenue department have held meetings with the PMO on the issue.

The government may look for one tax rate rather than multiple rates on equity products. The current rate of long-term capital gains, STT and abolition of dividend distribution tax are also under discussion.

The final decision on the timing of the announcement is expected to be taken by the PM.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV