Debate on LTCG, securities tax 'healthy', says Finance Minister Nirmala Sitharaman
India, Oct. 14 -- Finance minister Nirmala Sitharaman on Tuesday acknowledged the debate over long-term capital gains (LTCG) tax and securities transaction tax (STT), as well as the rupee's recent depreciation, while expressing confidence that private investment in India was reviving.
With preparations for the Union budget for 2027-28 underway, Sitharaman said investors in India and abroad had raised questions about capital gains taxation and the treatment of different asset classes, but declined to indicate whether the government would make changes.
"It's healthy to have this debate, and I will be keen to hear them," she said at the Bloomberg New Economy Forum.
On the rupee, Sitharaman acknowledged that the currency had depreciated si...
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