Team Blitz India
NEW DELHI: Finance Minister Nirmala Sitharaman has denied the reports that the Income Tax (I-T) Department is planning to introduce changes in the capital gains tax structure in case the Government is voted back to power in the ongoing Lok Sabha 2024 polls.
“Wonder where this is come from. Was not even double checked with @FinMinIndia. Pure speculation,” FM Sitharaman said on social media ‘X’ while reacting to a tweet made by a news channel claiming that the I-T department is planning to impose uniform treatment for all asset classes.
Ambareesh Baliga, an independent market analyst believes the markets want ‘more of the same’ in terms of income tax-related policies.
“The Government will not look to change the current tax policies if it is voted back to power, and that’s what the markets, too, want – policy continuity and a stable regime,” he said.
