From BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)SEBI proposes scrapping LTCG tax on foreign investors, seeks relief for mutual fund investors
What's behind this
India’s capital gains tax regime has undergone several changes over the decades, from its abolition in 1949 to the removal of LTCG tax on listed equities in 2004 and its reintroduction in 2018. SBI Research notes that eliminating the long‑term capital gains tax could cause a modest revenue decline of Rs 40,000‑50,000 crore in FY28, but the government has fiscal headroom to absorb the loss. The research suggests reforms such as raising exemption limits and introducing lower tax rates for longer holding periods.
AI-generated overview from 2 outlets. It summarises their reporting and adds no reporting of its own.
What each side is saying
One outlet's own words from each side of the spectrum. Quoted, not summarised.
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center · 1 outlet
Scrapping the 12.5 per cent Long-Term Capital Gains (LTCG) tax on foreign funds could help improve the attractiveness of Indian equities and arrest foreign investor outflows, Dhiraj Relli, Managing Director and CEO of HDFC Securities, said.
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right · 2 outlets
India’s markets regulator has recommended that the government scrap long-term capital gains (LTCG) tax for foreign equity investors, two people with direct knowledge of the matter said, as India looks to galvanise its underachieving equity markets. The Securities and Exchange Board of India (SEBI…
RSS excerpt
The proposals seek to improve India’s investment appeal as foreign investors pull out funds and domestic equity returns remain subdued
