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Jul 08, 2019
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Budget impact: Most FPIs stare at 14.25% peak LTCG
The fine print of Finance Minister Nirmala Sitharaman’s Budget reveals more pain for stock market investors. The tax outgo for a large number of them, including foreign portfolio investors (FPIs), domestic and foreign individuals and companies, will increase by up to 19 per cent in terms of the long- term capital gains tax (LTCG) and the short-term capital gains tax (STCG).
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