Ace investor Vijay Kedia has urged the government to abolish long-term capital gains (LTCG) tax on listed equities, stating that long-term investors should be recognized as contributors of patient capital rather than speculators. In a post on X, he emphasized that long-term shareholders help businesses grow, generate employment, drive innovation, and support Indias economic development.

Aditya Shah of Hercules Advisors urges India to abolish its long-term capital gains tax on equities for foreign investors, arguing it deters crucial portfolio inflows. He contends…

Ace investor Vijay Kedia has urged the government to abolish long-term capital gains (LTCG) tax on listed equities, stating that long-term investors should be recognized as…