BusinessPhoto: Business StandardSebi Recommends Scrapping LTCG Tax on Equity for FPIs
The Securities and Exchange Board of India (Sebi) has recommended that the government abolish the long-term capital gains (LTCG) tax on equity investments by foreign portfolio investors (FPIs). Sebi also proposed tax relief for domestic mutual fund investors reinvesting by selling existing holdings. These suggestions come amid foreign investor outflows and concerns over equity tax burdens. The government has not yet accepted these proposals. LTCG tax was abolished in 2004, reintroduced in 2018, and rates increased in 2024.
Business Standard·




