FM Sitharaman Says Government Will Consider FPIs' Concerns Over Capital Gains Tax
New Delhi, Nov. 3 -- Finance Minister Nirmala Sitharaman on Monday said the government would consider concerns raised by foreign portfolio investors (FPIs) over India's capital gains tax structure, amid growing demands for a reduction in long-term capital gains (LTCG) tax on equities.
Responding to a question on whether the upcoming Union Budget would create a more favourable environment for foreign investors and encourage dollar investments, Sitharaman acknowledged concerns among retail investors and participants in the equity market.
She said taxation was only one of several factors influencing investment decisions, reported The Times Of India.
"Taxation is just one part of it, but I quite appreciate and also realise the sensitivity ...
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