No Plan To Change Capital Gains Tax: Finance Ministry

Clarifying the government’s stand on Tuesday, sources in the finance ministry said the central government has no plans to reform the capital gains tax structure at present. Sources have rubbished media reports that the government wants to reform the capital gains tax structure to increase its earnings and increase spending on welfare schemes.

In a report quoting two officials related to the matter, it was said that in a proposal presented before the Finance Ministry in this regard, it has been said that the tax on income from capital market should not be less than the tax on income from business.