Looks like 5 years data added as per Income Tax Website.
All Tax Payers – Range of Long Term Capital Gains Tax
The data on Income Tax India website for LTCG is only for other asset classes.
Or the budget used a cumulative data of 5 years?
Or the data used in the budget for #LTCG for Equity is from the Income Tax and other agencies but not available on any public website
Expects 6-10% of Equity of Indian Markets to change hands!! The Public holding is less than 10% and another 6% through MF
As per us a practical estimate is if we grow Equities at 12-15% as per GDP and a starting market capitalization of 150 lakh crores and 2-4% of equity changing hands the government can barely get 3000-5000 cr of LTCG Tax annually. This is the best and linear case.
The broader markets have corrected 40% since the budget.Even if new investments become profitable there will be a lot of set-offs available for LTCG Loss for many years. LTCG revenues could become significant only after a decade of compounding.
Now if we consider 100% profit the Value of Trade becomes 7-8 lakh crores which would be 30% of all delivery volumes.