MUMBAI: One of the stock market 's biggest fears - the re-introduction of tax on long-term capital gains (LTCG) from equities - came true in this budget. However, the unexpected shocker was that the government did not withdraw the securities transaction tax STT ), which was introduced as an alternative to LTCG tax. "The real disappointment was the continuation of STT along with LTCG tax. In such a scenario, investors can set off losses against long-term capital gains. If only long-term capital losses have been incurred in a year, they can be carried forward to the following years and set off against future long term capital gains.

Source: Economic Times February 01, 2018 17:37 UTC