Sebi Backs Removal of LTCG Tax for Foreign Investors: Report

EXCLUSIVE: India markets regulator backs removal of long-term capital gains tax for foreign investors, sources say

SEBI recommends removal of long-term capital gains tax for foreign investors

SEBI recommends removing long-term capital gains tax on foreign investors to attract FII and boost India's equity markets. Proposal includes tax relief for domestic mutual fund investors.

Scrapping LTCG tax: Relief for investors, but at what cost?

Finance Minister Nirmala Sitharaman recently said the government would be keen to hear views on removing LTCG tax during the upcoming Budget consultations.

SEBI seeks LTCG tax relief for foreign investors, domestic mutual fund holders

SEBI has proposed scrapping LTCG tax on foreign investors and offering tax relief on mutual fund switches to attract investments and support India's equity markets.

Sebi backs removal of LTCG for foreign investors: Report

The Securities and Exchange Board of India (SEBI) has also proposed tax relief for domestic mutual fund investors, suggesting they be exempt from LTCG if they are selling existing holdings to invest in new ones, the sources said.

Sebi backs removal of LTCG tax for foreign investors: Report

To boost foreign investment interest, India's Securities and Exchange Board has put forth a proposal to scrap long-term capital gains tax for foreign investors and extend tax relief to mutual fund investors. This move is designed to counteract the high capital gains taxes and transaction costs faced by foreign entities, aiming to enhance the overall attractiveness of India's equity market.