5) What is capital gains tax? What is the rationale behind Centre’s decision to bring back the long-term capital gains tax (LTCG) on equities, which was scrapped in 2004-05? Discuss its implications.

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Topic:   Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.

5) What is capital gains tax? What is the rationale behind Centre’s decision to bring back the long-term capital gains tax (LTCG) on equities, which was scrapped in 2004-05? Discuss its implications. (250 Words)

The Hindu