In a report titled “Financing the startup ecosystem” submitted to the Lok Sabha Speaker last week by the Standing Committee on Finance headed by BJP MP and former Union Minister Jayant Sinha has recommended to the centre to abolish the tax on Long Term Capital Gains (LTCG), for at least the next 2 years.

In this episode we take a closer look at the LTCG tax and its proposed abolishment and the reaction of the startup community towards the same.