SEBI Backs Ending LTCG Tax for Foreign Investors
A Moneycontrol report says the Securities and Exchange Board of India (SEBI) backs removing long-term capital gains (LTCG) tax for foreign investors. The report does not give details of when or how the change would happen. Foreign investors buy and sell shares and bonds in India, so tax rules directly affect how much money they put into the market.
Context
Context: LTCG tax is the tax on profit from selling shares or other assets held for a long time. Foreign portfolio investors are a major source of money for Indian stock markets, so tax rules for them get close attention.
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