LTCG tax changes must balance equity and efficiency: NITI Aayog Vice Chairman Ashok Lahiri
New Delhi, Oct. 16 -- Any changes to long-term capital gains (LTCG) taxation must take into account both equity and economic efficiency, NITI Aayog Vice Chairman Ashok Kumar Lahiri said on Friday, while refraining from taking a firm position on possible changes to the tax structure.
Speaking to ANI on the sidelines of the Pathways to Viksit Bharat event, Lahiri said the issue required careful consideration, given the history of changes in capital gains taxation and the introduction of securities transaction tax (STT).
"I don't want to give a categorical answer because LTCG, as you know, we had it at one point of time, then we abolished it, and we introduced securities transaction tax," he said.
Asked whether changes to LTCG taxation wo...
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