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Modi government won't scrap LTCG tax on equities anytime soon
The government informed Parliament that there is no current proposal to scrap long-term capital gains (LTCG) tax on equity transactions, despite calls from market participants.
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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…
