SEBI backs removal of LTCG tax for foreign investors: Report
⟶ The Securities and Exchange Board of India (SEBI) has reportedly backed the removal of the long-term capital gains (LTCG) tax for foreign investors. This decision is based on a report.
Why it matters
The removal of LTCG tax could impact foreign investment strategies and the Indian capital markets. It may aim to attract more foreign capital into the country.