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India should scrap capital gains tax on foreign investors: Edelweiss chief
Reported by: Business Standard, BusinessLine, Livemint ·
Summary
BusinessLine reported that Edelweiss has urged India to scrap the tax that foreign investors pay on long-term gains from listed shares, saying the move would help revive the markets. Long-term capital gains tax is the tax on profit made from selling an asset held for more than a set period; for listed shares in India, that period is one year. The report gives no figure for how much tax is collected or how much money the change would bring in, and does not say what the government has decided. It also does not name Shah's full name or role beyond the surname.
AI summary of what BusinessLine reported. AI can make mistakes. Read the full story on BusinessLine
Sources
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- Business StandardRead on their site
- BusinessLineRead on their site
- LivemintRead on their site
What each outlet wrote
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Average tone +0.7 across 3 outlets. Their headlines lean positive.
Each score is a headline's positive words minus its negative words. It describes the wording, never the company. Business news outlets are listed first. How we measure tone
Business Standard · · Tone +1
India should scrap capital gains tax on foreign investors: Edelweiss chief
Edelweiss Financial Services Chairman Rashesh Shah said scrapping capital gains tax for FPIs could help revive inflows into Indian equities and support the rupee amid heavy overseas selling
BusinessLine · · Tone +1
Edelweiss urges India to scrap foreign capital gains tax to revive markets
Shah joins dozens who are pushing the government to exempt foreign portfolio investors from paying long-term capital gains tax on listed equities
Livemint · · Tone 0
India Should Scrap Equity Tax on Foreigners, Says Edelweiss Head
India should consider removing the capital gains tax imposed on foreigners to help revive the country’s stock market, Edelweiss Financial Services Ltd. Chairman and Managing Director Rashesh Shah said, adding to a…
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When each outlet reported it
The first outlet to publish, then the others, with the gap after the first report.
Livemint ·
First report
BusinessLine ·
1 min after the first report
Business Standard ·
28 min after the first report
Key terms
Words in this story, explained in plain language in our Learn pages.
- capital gains
A general guide to how profits from shares, mutual funds and deposits are taxed in India: short-term vs long-term, holding periods, dividends and why to check current rules.
Learn: Taxes on investment gains in India
Ask Hypeless about this story
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- What happened here, in simple words? India should scrap capital gains tax on foreign investors: Edelweiss chief
- Where do the outlets differ in how they report this? India should scrap capital gains tax on foreign investors: Edelweiss chief
- What does "capital gains" mean?