Audio Bulletin: Govt Withdraws Enhanced Surcharge on Long/Short Term Capital Gains

In a major decision, the government on Friday announced withdrawal of the enhanced surcharge levied on long and short capital gains. Finance Minister Nirmala Sitharaman today came out with specific measures to boost economic growth and outlined the road ahead for the economy.

"The enhanced surcharge levied by Finance Act, 2019 on long and short term capital gains tax is being withdrawn," Sitharaman said at a media briefing here.