Scrap, cut or tweak? Centre weighs options on LTCG, STT to stem foreign investor exodus
The Economic Times ·
The Centre is weighing proposals to scrap or lower long-term capital gains tax and recalibrate securities transaction tax as it seeks to address foreign investor outflows. Market participants have favoured scrapping LTCG on equities and selectively raising STT on options, while regulators are understood to support removing LTCG to attract overseas capital.