SBI Research proposes scrapping LTCG tax on equities, seeks clarity on tax treaties

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A report by SBI Research has recommended abolishing the long-term capital gains tax on equity investments. The proposal aims to stabilize foreign capital inflows and reduce the risk of sudden withdrawals that pressure the rupee. Currently, foreign portfolio investors pay a 12.5% LTCG tax on equities and equity mutual funds. The existing tax framework, introduced in a 2024 overhaul, was retained in the 2026 Union Budget.

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