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'Remove LTCG tax, India will gain in the long run': CIO to FM Sitharaman

Business Today · 1m

Investing expert Chadha proposed removing the long-term capital gains (LTCG) tax, suggesting it will benefit India by attracting foreign direct investment and risk capital, leading to job creation. To offset short-term revenue losses, he recommended increasing the Securities Transaction Tax (STT). The proposal aims to support infrastructure and public sector enterprises, ultimately strengthening the economy in the long run.