Budget 2027-28: PHDCCI urges govt to scrap LTCG tax on equities, cut STCG tax to 10%
Executive Brief • Key Highlights
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- ✓The PHD Chamber of Commerce and Industry urged the government to scrap long-term capital gains tax on equities for the Union Budget 2027-28.
- ✓They also want short-term capital gains tax cut to 10%.
- ✓The body said, "To strengthen India's MSME ecosystem further, PHDCCI recommends the change in classification of non-performing assets."
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Synopsis
PHD Chamber of Commerce and Industry has made recommendations for the Union Budget 2027-28. They have proposed abolishing long-term capital gains tax and reducing short-term capital gains tax rates. The chamber has also called for relaxed loan repayment norms and higher loan limits for MSMEs. They highlighted the economic significance of MSMEs in India's GDP and employment. Improved access to credit and equity support could enhance India's global manufacturing position.
New Delhi: The PHD Chamber of Commerce and Industry (PHDCCI) has urged the government to abolish long-term capital gains (LTCG) tax on equity investments and reduce short-term capital gains (STCG) tax from 20 per cent to 10 per cent as part of its recommendations for the Union Budget 2027-28.
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The Economic Times
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