A reduction in LTCG tax would be desirable for a capital-starved economy but would not, by itself, trigger sustained foreign institutional investor (FII) inflows, said Venugopal Garre of Bernstein.
Sebi has backed a proposal to remove long-term capital gains tax for foreign investors. But what is LTCG tax, which investments does it apply to, and how is it calculated? Here's all you need to know
Long term capital gains (LTCG) tax on the sale of these asset classes stocks, mutual funds, real estate etc. is levied when the holding period of the asset is over one year
Ambareesh Baliga, an independent market analyst believes the markets want 'more of the same' in terms of income tax-related policies - continuity amid a stable regime