SEBI Proposes Removing Long-Term Capital Gains Tax For Foreign Investors

Aaj Tak · stocks

The Indian stock market saw a significant surge, with the Sensex closing over 1,200 points higher. A key driver for this rally is a proposal by market regulator SEBI to completely remove the LTCG tax on foreign investors. This suggestion comes as the government prepares for the upcoming budget. Foreign investors have withdrawn substantial funds from Indian equities this year, creating pressure on the market and the rupee. SEBI's proposal aims to simplify India's tax structure and make it more attractive for global capital.