SEBI backs removal of LTCG tax for foreign investors

Contributing sentiments towards policy:

57% : Along with the LTCG exemption, SEBI has also suggested tax relief for domestic mutual fund investors.
56% : Currently, investors pay a long-term capital gains tax of 12.5% on securities held for over a year and short-term capital gains tax of 20%.
54% : Brokerage firm Jefferies has said that any reduction in capital gains taxes could make the market more attractive for foreign investors and boost portfolio inflows.
52% : The proposals are aimed at reducing the upfront tax burden on foreign investors, one source told Reuters, highlighting that these suggestions are part of its pre-budget representations and remain confidential for now.
49% : The Securities and Exchange Board of India (SEBI) has recommended the government scrap the long-term capital gains (LTCG) tax on foreign investors.
46% : This is in addition to securities transaction taxes on trades and withholding taxes on dividends.
45% : One of the main concerns raised by these investors has been the need to change India's tax policies.
45% : Another brokerage firm, IIFL, estimates that scrapping capital gains tax could increase foreign investors' returns by 2.3% points.

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