3.4 lakh evade cap gains tax on equity, MF sales: Government

Over 3.4 lakh investors dealing in listed equity shares and mutual funds are suspected to have evaded or not reported long-term capital gains tax, an analysis by the income tax department showed, prompting authorities to dismiss demands for the abolition of the levy introduced two years ago.

from Economy-News-Economic Times https://ift.tt/38GV7Ue