FICCI seeks LTCG tax exemption on equities in Budget wish list

The Federation of Indian Chambers of Commerce and Industry (FICCI) has urged the Finance Ministry to exempt long-term capital gains (LTCG) tax on listed equities in the Budget for 2027-28, while also calling for a stable 10-year capital gains tax regime, changes to tax rules for foreign investors, and the removal of certain tax deduction at source (TDS) requirements.