We will consider the call for review of LTCG tax: Finance minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman has said the government will consider calls for a review of the long-term capital gains tax, or LTCG tax. She also indicated that the government’s push on capital expenditure will continue.

Tax review request remains under consideration

Sitharaman’s response keeps the question of changes to LTCG tax open. The source does not specify whether the government has decided to alter the tax, nor does it provide details about the proposals being considered.

For investors and other stakeholders following capital gains policy, the statement signals that the request for a review has been acknowledged. However, no timeline or potential changes were provided.

Capital expenditure push to continue

The finance minister also said the government plans to maintain its capital expenditure push. The statement places continued public spending on capital projects alongside the government’s consideration of the LTCG tax review.

Sitharaman further said the government was hoping to see the Tata matters settled soon. No additional details about those matters were provided in the source.

What happens next

The immediate outlook depends on whether the government takes any further steps on the LTCG tax request. For now, the government’s position is that the proposal will be considered, while its capital expenditure drive is set to continue.