The Finance Ministry said there is no proposal to scrap the 12.5% LTCG tax on equity investments for domestic investors. FPI tax relief applies only to bonds.
The Finance Ministry has clarified that there is no proposal to abolish long-term capital gains (LTCG) tax on equity investments for domestic and retail investors.
India's finance ministry told the
parliament on Monday that there is no proposal to scrap
long-term capital gains tax on equities for domestic investors,
despite recently easing tax rules for some foreign portfolio
India says no proposal to offer long-term tax relief for domestic equity investors
Modi government won't scrap LTCG tax on equities anytime soon
No move to scrap LTCG tax on equities: Govt
Government lists Bill in Parliament to replace Ordinance that exempted FIIs from tax
