SEBI Recommends Scrapping LTCG Tax for Foreign Investors

Photo: Deccan Herald

India's market regulator SEBI has recommended the government abolish the long-term capital gains (LTCG) tax for foreign equity investors to boost the underperforming equity markets. SEBI also proposed exempting domestic mutual fund investors from LTCG tax when switching investments. These non-binding recommendations precede the federal budget and aim to counter foreign investor sell-offs and stagnant returns in Indian equities.

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