✉news BusinessMarkets first seen 1 d ago, last 1 d ago, peak #5
India regulator backs scrapping capital gains tax for foreign investors
Original: EXCLUSIVE: India markets regulator backs removal of long-term capital gains tax for foreign investors, sources say
India's markets regulator has backed removing the long-term capital gains tax for foreign investors, according to sources cited by Reuters. The proposal, if adopted by the government, would make Indian equities more attractive to overseas portfolio investors, who have long complained that layered taxation erodes returns compared with rival Asian markets. No formal government decision has been announced yet.
Why now: A reported policy shift by SEBI that could affect foreign investment flows into Indian markets is drawing attention.
IndiaSEBIReutersforeign investors
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