Sebi proposes scrapping LTCG tax for foreign investors ahead of February Budget
The Securities and Exchange Board of India has submitted recommendations proposing that long-term capital gains tax be removed for foreign investors. The suggestions were sent ahead of the Union Budget due in February. They are advisory, so the government will make the final call on whether to adopt them. The move is part of wider efforts to revive Indian equity markets, which have lagged behind other emerging markets.
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