New Delhi, July 20 -- The government has no proposal to scrap the Long Term Capital Gains (LTCG) tax on equity investments, the Centre informed Parliament on Monday, while disclosing that it collected Rs 1.29 lakh crore from the levy in Assessment Year (AY) 2025-26, up from Rs 72,249 crore in the previous assessment year.

In a written reply to an unstarred question in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said revenue generated from LTCG tax on equity transactions stood at Rs 72,249 crore in AY 2024-25 (relevant to FY 2023-24) and Rs 1,29,158 crore in AY 2025-26 (relevant to FY 2024-25). The reply added that data for subsequent assessment years is not yet available because income tax returns have not been filed. ...