SBI Research calls for abolition of LTCG tax on equities to boost foreign capital inflows

SBI Research is calling for the abolition of long-term capital gains tax on equities to boost foreign capital inflows. This means that investors would not have to pay taxes on profits made from holding stocks for a certain period. If implemented, this change could revitalize investment levels and attract more foreign money into the market. The goal is to boost investor morale and counter foreign portfolio outflows, which have been a concern for the economy.

Why it matters

Removing the long-term capital gains tax on equities could attract more foreign investors and increase investment levels. This could lead to a boost in the Indian stock market.

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