A statement issued by the Income Tax Department said that no proposal has been made to the government to make changes in capital gains tax. This statement has been issued by the IT department after the media report, in which it was claimed that the government is going to make a big change by taking capital gains tax.
In a tweet by the Income Tax Department, it was said that we make it clear that there is no proposal before the government to change the capital gains tax. After the arrival of this tweet, all those speculations came to an end, in which different claims were being made regarding capital gains tax.
It is clarified that there is no such proposal before the Government on capital gains tax.@nsitharamanoffc@officeofPCM@FinMinIndia@PIB_India https://t.co/jVP6Vs4bVT
— Income Tax India (@IncomeTaxIndia) April 18, 2023
This claim was made in the media report
Let me tell you, yesterday a foreign media report claimed that the government may increase the rate of capital gains tax and such a proposal is also with the government. After the arrival of this report, the Income Tax Department denied it.
The stock market fell after this report
This media report came at around 1:30 pm. After its arrival, the stock market immediately saw selling from higher levels and the Sensex slipped by almost 250 points.
Although there was some recovery in the stock market at the end of the trading session, the BSE benchmark Sensex closed down 0.30 percent at 59,727 points.
Capital gains tax benefit removed from debt mutual funds
In the Financial Bill 2023 brought by the government last month, the benefit of indexation along with long capital gains tax was removed from debt mutual funds. Now it will be taxed according to your slab.
