SEBI backs removal of LTCG tax for foreign investors: Report
The Securities and Exchange Board of India (SEBI) has proposed removing the Long-Term Capital Gains (LTCG) tax for foreign investors. The proposal also includes tax relief for domestic mutual fund investors who reinvest proceeds from existing holdings into new ones.
Why it matters
This policy shift aims to incentivize foreign capital inflow and encourage domestic retail participation in the Indian stock market.
SEBI has also proposed tax relief for domestic mutual fund investors, suggesting they be exempt from LTCG if they are selling existing…
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