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A free scan shows the junk files, broken settings and background clutter dragging Windows down - then fixes them in one click.Free scan · Windows 10 & 11There is no confirmed move to remove India’s long-term capital gains (LTCG) tax. A Moneycontrol headline dated 13 October 2026 says Finance Minister Nirmala Sitharaman will hear investors’ views on removing it during Budget consultations. That headline indicates a reported opportunity to share views—not a government decision, formal repeal proposal or change in tax law. The article text was not independently accessible, so its precise wording and consultation details could not be verified.
What did Sitharaman say about LTCG tax?
The 13 October 2026 Moneycontrol headline frames the issue as investors’ views on LTCG tax removal being heard in Budget consultations. Because the article text was unavailable, the headline alone does not establish what Sitharaman said, who will be consulted, or whether the discussion is part of a formal review. It should not be read as a promise to abolish the tax.
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A separate Moneycontrol report published on 25 May 2026 said the government was open to feedback on LTCG and short-term capital gains (STCG), while reporting that no formal review or change had been announced then. The report attributed this statement to Sitharaman, speaking to media on the sidelines of the TEXPROCIL Export Awards: “On this specific issue, and on any issue, we are always ready and willing to listen to the people. We will certainly take their inputs.” That was a May statement, not verified wording from the October Budget-consultation headline.
Is LTCG tax going to be removed?
The clearest dated official status in the reviewed sources comes from a parliamentary answer on 21 July 2026. It said no proposal was under consideration to scrap LTCG tax on Indian equity or mutual funds for domestic and retail investors at that time. The answer was attributed to Minister of State for Finance Pankaj Chaudhary; a reproduction reports the wording as: “At present, there is no such proposal under consideration.”
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This status is specific to 21 July 2026 and the question asked about Indian equity and mutual funds. It does not establish what the government may consider after that date. Nor does it conflict with a later report about hearing views: listening to feedback does not itself create a repeal proposal. A change would require an official policy or legislative step; the October headline, by itself, reports neither.
What are the current LTCG rules?
The latest completed Union Budget in the reviewed official sources was Budget 2026-27, presented on 1 February 2026. Its official summary proposed an increase in securities transaction tax (STT) on futures from 0.02% to 0.05%. STT is a separate transaction tax, not a change to LTCG and not evidence that LTCG is being removed.
For the capital-gains framework, the relevant official baseline in the reviewed material is the regime described in the government’s July 2024 summaries. These figures explain that baseline; they should not be treated as a new announcement in the October 2026 headline.
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| Rule | What the official 2024 summaries say |
|---|---|
| Rate | 12.5% for long-term gains on financial and non-financial assets under the 2024 regime. The CBDT FAQ says other LTCG under section 112 is taxed at 12.5% without indexation. |
| Annual exemption for certain financial assets | ₹1.25 lakh under section 112A, increased from ₹1 lakh. The CBDT FAQ says this applies from FY 2024-25 onward. |
| Listed financial assets | Generally classified as long-term when held for more than one year. |
| Unlisted financial assets and non-financial assets | Generally require a holding period of at least two years to qualify as long-term; the government summary notes exceptions for certain instruments. |
| Certain debt instruments | Unlisted bonds and debentures, debt mutual funds and market-linked debentures are taxed at applicable capital-gains rates irrespective of holding period, according to the 2024 government summary. |
These are general rules, not a calculation of an individual tax bill. The asset, acquisition and sale dates, applicable section and taxpayer circumstances can affect the result.
Do tax exemptions or rollover benefits still apply?
The CBDT’s 24 July 2024 FAQ said existing rollover benefits continued, subject to the conditions in the Income-tax Act. It cited sections 54, 54B, 54D, 54EC, 54F and 54G. These provisions are not universal exemptions: eligibility and required reinvestment depend on the relevant section and the taxpayer’s circumstances.
For section 54EC, the FAQ states that the rollover benefit for investment in specified bonds is available up to ₹50 lakh, subject to applicable conditions. The existence of these provisions does not mean every investor can avoid LTCG tax, and they are separate from the question of whether the government will change the broader tax regime.
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To distinguish consultation from an actual policy change, look for a formal government announcement or a Finance Bill proposing a change, followed by the relevant legislative process. Until then, the headline is best understood as a report about hearing views, not notice that the tax has been repealed or that a formal removal proposal is active.
Quick Recap
- Moneycontrol’s 13 October 2026 headline is the source for the reported Budget-consultation framing; the article text was not independently accessible.
- The reproduced 21 July 2026 parliamentary answer gives the dated status on a proposal to scrap LTCG tax on Indian equity and mutual funds.
- The Ministry of Finance’s 23 July 2024 Budget summary describes the capital-gains rate, exemption threshold and holding-period framework.
- The CBDT FAQ dated 24 July 2024 covers the section 112A threshold, section 112 treatment and rollover provisions.
- The PIB summary of Budget 2026-27 reports the proposed STT change on futures, which is distinct from LTCG.
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