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Abolishing LTCG tax may cost government ₹40,000-50,000 crore in FY28: SBI Researc

The proposal includes raising the annual exemption limit, reducing tax rates for longer holding periods and increasing the Securities Transaction Tax

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SBI Research estimates that the abolition of LTCG tax will result in a loss of only ₹40,000-50,000 crore to the government in FY2027, which is significantly less than the ₹1.3 lakh crore it would have earned in FY2025.

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Business Today broke the news in India on Tuesday, November 3, 2026.
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