STCG

CLOSING BELL: Broader markets were unable to recover from the intra-day lows with BSE Midcap and Smallcap indices dropping up to 1 per cent

Also seeks relaxations in set-off provisions for carry forward business loss

As preparations begin for the next budget, discussions have gained steam around what the government would do with the capital gains tax regime

Revenue secy says rates and holding periods should be streamlined

Number of those reporting such gains are a fraction of investor count from other sources

STCG is taxed at slab rates, while LTCG is taxed at 20% with indexation benefit