SEBI proposes scrapping LTCG tax on foreign investors, exempting domestic mutual fund investors

SEBI has proposed scrapping the long-term capital gains (LTCG) tax on foreign investors to attract overseas capital into Indian markets, Reuters reports. SEBI has also proposed exempting domestic mutual fund investors from LTCG tax when they sell existing holdings and reinvest in new funds.

Detected & updated continuously · Source: Nebula