New Delhi, Oct. 14 -- The government is open to receiving suggestions on the removal of long-term capital gains (LTCG) tax during consultations for the upcoming Union Budget, Finance Minister Nirmala Sitharaman said.

Speaking at the Bloomberg New Economy Forum in New Delhi on Tuesday, Sitharaman noted that investors had raised concerns over the taxation of capital gains, the securities transaction tax (STT) and the treatment of different asset classes.

She said the Budget preparation process had begun and it would not be appropriate to indicate at this stage which proposals the government might consider.

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