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Here is all you need to know about LTCG

Discussions over Long-term Capital Gains Tax (LTCG) have been doing rounds ever since it was announced in the Budget 2018 by Finance Minister Arun Jaitley.

Jaitley announced levying of 10% tax on stocks and equity-oriented mutual funds if the gains exceeded Rs 1 lakh.

The markets witnessed a continuous bloodbath after the announcement, with the benchmark indices pulling down by at least 1,000 points.

So what is LTCG and why did it negatively affect the markets? Surabhi Upadhyay has more details.

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Future of Taxation: Experts discuss what the new tax regime means for investors

tax stocks

Long terms capital gains (LTCG) tax became the buzz word on February 1 2018 thanks to the Budget and the proposals. A lot of equity investors now have to start getting used to paying 10 percent tax on the long terms gains that they are making in the equity market. There are a quite a few other changes that the Budget has ushered in as well.

A panel of experts decoded what the new taxation regime means when it comes to the market and investors.

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Tamil Nadu state budget: Debt swells, revenue deficit widens by over 15%

Tamil Nadu’s revenue deficit has breached the Rs 18000-crore mark. That’s the worrying statistic coming out of the state’s budget that was presented by its finance minister O Panneerselvam. But on the bright side, the state has clocked a healthy GST-driven revenue collection of close to Rs 87,000 crore rupees. CNBC-TV18’s Jude Sannith gets us all the highlights of the state’s budget.

Watch video for more…..