March 8 2018
The Income Tax department has started investigating recently-listed small and medium enterprises (SMEs) for suspected tax evasion/money laundering through misuse of the long-term capital gains (LTCG) tax exemption, sources told Moneycontrol.
Till January 31, 2018, there was no tax on long-term capital gains from equity investments. Starting February 1, LTCG attract a 10 percent tax.
