From The Hindu BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)Union Bank of India seeks LTCG tax exemption on equity held beyond three years
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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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
The existing long-term capital gains (LTCG) tax on equity investments should be reduced, with a complete exemption for holdings beyond three years to attract more stable foreign capital and improve investor returns, according to a report by Union Bank of India.
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right · 1 outlet
The report calls for tax changes, policy stability and structural reforms to improve investor returns and strengthen India’s appeal to global capital.
RSS excerpt
The report calls for tax changes, policy stability and structural reforms to improve investor returns and strengthen India’s appeal to global capital.
