We will consider the call for review of LTCG tax: Finance minister Nirmala Sitharaman
"The circumstances have changed and, therefore, the voices of concern are louder,'' she said at a media event, in reference to reports that her administration has received suggestions to review levies on long-term capital gains (LTCG) for overseas investors. "I quite appreciate that. So, I'll consider all this... Our growth is very important, where people are putting their very best, we are able…
Finance Minister Nirmala Sitharaman confirmed on Monday that her government would review the tax structure on equity capital gains for foreign investors. She acknowledged that the circumstances have changed and foreign inflows into Indian equities are crucial for sustaining economic growth and boosting efficiency in financing. Sitharaman stated that the taxation structure has remained unchanged since 2023-24, but expressed consideration for voices concerned about reviewing levies on long-term capital gains (LTCG) for overseas investors.
She emphasized the importance of growth and highlighted the role of public investments in driving economic growth, while maintaining a commitment to fiscal consolidation.
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