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1Clear out junk files and repair common Windows errors2Fix the driver behind crashes, sound loss and screen glitches3Repair Windows errors before they cause bigger problemsAam Aadmi Party (AAP) leader and Rajya Sabha MP Raghav Chadha has called for lower taxes on capital gains. His later, more specific proposal is to make long-term capital-gains (LTCG) tax on equities nil for individual investors. These are political proposals, not a change in tax law.
What did Raghav Chadha propose?
Scroll reported on December 17, 2025, that Chadha called for lowering capital-gains taxes, arguing that high taxation discourages long-term investment. The report also said he suggested incentivizing interest earned on bank savings accounts. Scroll’s report describes the December call in broad terms; it should not be confused with his later, narrower proposal.
His February 2026 proposal focused on equities
An official Rajya Sabha synopsis for February 9, 2026, records Chadha proposing nil LTCG tax on equities for individual investors. He said the measure could support household wealth creation and channel savings from real estate and gold into equities. In the synopsis, he put it this way: “I suggest making Long-Term Capital Gains Tax nil for individual investors to boost household wealth creation, reduce speculative trading, and channel savings from real estate and gold into equities.” These are his stated aims, not established outcomes.
How would that differ from the 2024 budget announcement?
The Finance Ministry’s July 23, 2024, announcement for Union Budget 2024-25 set out changes for specified categories of assets. It said short-term gains on certain financial assets would attract 20%, long-term gains on financial and non-financial assets would attract 12.5%, and the annual exemption for certain financial assets would rise from ₹1 lakh to ₹1.25 lakh. These figures describe that dated budget announcement; they are not a complete statement of the rules currently in force.
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Outbyte Driver Updater FREEFix the driver behind crashes, sound loss and screen glitchesFind Drivers →Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →| Item in the July 23, 2024 announcement | Figure announced | Scope stated by the Ministry |
|---|---|---|
| Short-term capital gains | 20% | Certain financial assets |
| Long-term capital gains | 12.5% | Financial and non-financial assets |
| Annual exemption limit | Raised from ₹1 lakh to ₹1.25 lakh | Certain financial assets |
Chadha’s later proposal would target LTCG tax on equities for individual investors. It is therefore more specific than a general call to lower taxes on capital gains, and the 2024 announcement should not be treated as a direct comparison covering every investor or asset.
Does capital-gains tax work the same way for every asset?
No. The Income Tax Department’s guidance on share sales explains that tax treatment depends on the asset and applicable provisions, including distinctions based on how long an asset is held. A single rate should not be taken to apply uniformly to all capital gains. The Department’s capital-gains guidance for share sales provides general information; the relevant rules and circumstances determine an individual transaction’s treatment.
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Has the proposal become law?
The cited sources establish that Chadha made the proposal, not that the government adopted it. The Rajya Sabha synopsis records his February 9, 2026, statement, while the Income Tax Department’s guidance describes tax treatment generally; neither establishes that his proposal changed the law. The available material also does not establish the proposal’s fiscal effect.
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