From The Tribune
Center Owned by The Tribune TrustSEBI proposal to scrap LTCG tax for foreign funds positive for markets: HDFC Securities CEO
What each side is saying
One outlet's own words from each side of the spectrum. Quoted, not summarised.
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left · 2 outlets
SEBI wants foreign investors exempted from the 12.5% LTCG tax and has proposed tax relief for domestic mutual fund investors. Here's why the regulator has made these recommendations and what they could mean for Indian markets.
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center · 4 outlets
The Securities and Exchange Board of India (SEBI) has recommended removing long-term capital gains (LTCG) tax on foreign investors and proposed tax relief for domestic mutual fund investors, as the regulator seeks to improve the attractiveness of Indian equity markets and encourage investment…
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right · 5 outlets
The proposals seek to improve India’s investment appeal as foreign investors pull out funds and domestic equity returns remain subdued
RSS excerpt
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.