Tag: tax

By Porisma P. Gogoi, Mumbai : The Indian equity markets witnessed the steepest fall since November 2016 -- when demonetisation was put into effect -- after the long-term capital gains (LTCG) tax on equities was re-introduced in the Union Budget for 2018-19, leading the Sensex to shed over 800 points and the Nifty50 over 200 points in a single day. Breaking an eight-week winning streak, the key equity indices gave way to the bears following a huge sell-off in the markets on the last trading day of the week. On a weekly...