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India says no proposal to offer long-term tax relief for domestic equity investors
India's finance ministry confirmed no plan to remove equity LTCG tax. This clarification follows recent tax easing for foreign investors in government debt. Domestic investors will continue paying a 12.5% LTCG tax on qualifying equity gains. The exemption for foreign portfolio investors applies to government securities only. This move aims to attract stable, long-term foreign capital into India.
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thehindubusinessline.com
Government rules out scrapping LTCG tax on equities for domestic investors
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.
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economictimes.indiatimes.com
India says no proposal to offer long-term tax relief for domestic equity investors
India's finance ministry confirmed no plan to remove equity LTCG tax. This clarification follows recent tax easing for foreign investors in government debt. Domestic investors…
