From Livemint
Center-Right Owned by HT Media Ltd.Equity LTCG tax relief buzz: SBI wants level playing field for bank deposits; key points for FD, savings account holders
What's behind this
Union Bank of India has urged the government to change the long‑term capital gains (LTCG) tax on equity investments, proposing a zero‑tax rate for holdings held beyond three years and lower rates for shorter holding periods. The bank’s report calls for broader tax reforms, policy stability and structural changes aimed at improving investor returns and enhancing India’s appeal to global capital.
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right · 1 outlet
Amid the growing debate over LTCG tax relief on equities, SBI Research suggested a level playing field between equity investments and bank deposits. It has proposed tax relief on savings account interest to make bank deposits more attractive to savers.
— Livemint
RSS excerpt
Amid the growing debate over LTCG tax relief on equities, SBI Research suggested a level playing field between equity investments and bank deposits. It has proposed tax relief on savings account interest to make bank deposits more attractive to savers.
