LatestIncome Tax 27 October 2026
India Govt Calls for Input on LTCG and STT Review
India’s finance ministry has opened a consultation to gather investor and expert feedback on proposed changes to long‑term capital gains (LTCG) tax and securities transaction tax (STT) as part of a broader review of market levies, following a wave of foreign portfolio investment outflows. The move follows the recent removal of LTCG tax and withholding tax on interest from government securities, aiming to balance revenue needs with market stability.
India’s finance ministry is seeking comments from investors and experts on potential revisions to long‑term capital gains (LTCG) tax and securities transaction tax (STT). The consultation comes as the government reassesses market levies after a notable outflow of foreign portfolio investments.
- Review follows the scrapping of LTCG tax and the removal of withholding tax on interest from government securities.
- Objective is to craft a tax structure that safeguards revenue while keeping the market attractive.
- Stakeholders are invited to submit their views through the official portal.
For full details, see the original article here.
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