SBI Research recommends LTCG on equities to be scrapped; calls for DTAA clarity
SBI Research recommended scrapping the 12.5% long-term capital gains tax on equities to stabilize foreign capital inflows. The proposal aims to reduce abrupt withdrawals that could negatively impact the rupee. The Union Budget 2026 maintained the current LTCG rate for listed shares and equity mutual funds, reflecting the tax framework established in 2024.