Scrap LTCG, tax on buybacks, dividends: What Street wants amid market gloom

The Street is abuzz with calls for doing away with the tax on long-term capital gains, share buybacks, and dividend income received by shareholders as a last-ditch effort to improve the dismal sentiment among market participants. Many have taken to social media to express their demands

Mohandas Pai, former CEO and board member at Infosys, made a pitch for removing the tax on share buybacks. “Investors have lost Rs 35 trillion but bad tax policies are penalising open market buybacks of shares by companies," he said in a tweet on Wednesday.

Companies such as Sun Pharma, Emami, Supreme Petrochem, Thomas Cook, and