LTCG TAX, Oct. 27 -- Finance Minister Nirmala Sitharaman recently expressed her interest in hearing views on long-term capital gains (LTCG) tax, acknowledging the debate over the levy ahead of the Union Budget in February next year.

FM Sitharaman said that LTCG tax, STT and the taxation of different asset classes remained important subjects of discussion among investors. Replying to a question at the Bloomberg New Economy Forum in New Delhi, FM said, "We are very close to the budget and the preparation for the budget has started, and it may not be the best time for me to say what I will or what I will not consider."

Amid heavy outflows of foreign capital, demand to scrap the LTCG tax has been growing among market participants. Many expe...