Business Today: SEBI Proposes Scrapping LTCG Tax For FIIs, Reliance Surges 9.5%, Auto Stocks Rally
By India Today
Reports indicate that the Securities and Exchange Board of India has recommended scrapping the 12.5% long-term capital gains tax for foreign investors to encourage equity inflows and counter recent capital outflows. SEBI has also proposed tax relief for domestic mutual fund investors switching schemes after holding…
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