SBI Research urges abolition of LTCG tax on equities

SBI Research has recommended abolishing long-term capital gains tax on equities and extending the holding period to 2-3 years to attract foreign capital. The move aims to counter FPI outflows of ₹3.51 lakh crore between 2021 and September 2026, with over ₹2.61 lakh crore exiting in 2026 alone.