The 30-share BSE benchmark Sensex fell 1,100 points due to uncertainty arising from media reports.
FM Sitharaman, reacting to a post on Twitter by a TV news channel, claimed that in a sweeping change, the Income Tax Department plans to apply uniform treatment to all asset classes.
Currently, a differential tax structure exists for different financial assets.
Referring to the report, the Finance Minister posted on Twitter, "Wonder where this came from." Re-investigation was also not conducted by the Finance Ministry. Pure speculation.
FM Sitharaman, reacting to a post on Twitter by a TV news channel, claimed that in a sweeping change, the Income Tax Department plans to apply uniform treatment to all asset classes.
Currently, a differential tax structure exists for different financial assets.
Referring to the report, the Finance Minister posted on Twitter, "Wonder where this came from." Re-investigation was also not conducted by the Finance Ministry. Pure speculation.
