STCG is not an investment and there is no reason why STCG should be at 20 per cent; it can be higher, says a government official.
The government is likely to further increase the short-term capital gain (STCG) tax rates in the coming years, according to a Moneycontrol report citing a senior government official. The official, as per the report, said the gains from short-term trading should not be equated with investment.
Short-term capital gains are the profits achieved from shares or mutual fund units held for less than a year.
“STCG is not an investment. No reason why STCG should be at 20 percent. It can be higher,” the official told Moneycontrol.
The Union Budget 2024, presented on July 23, raised the STCG tax on specific financial assets to 20 per cent from 15 per cent.
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