LTCG news: Budget 2027-28 may cut long-term capital gains tax for both domestic and foreign investors, says report
Reported by LiveMint, not nibnow. We are not the publisher of this story, only the source is.
A potential reduction in the long term capital gains tax and the option for foreign investors to calculate gains in dollar terms could significantly impact investment returns and influence foreign capital flows into the market.
Anthropic, a company that makes Claude, has filed for an initial public offering (IPO) as its revenue jumped 14-fold to $16.3 billion in the first half of the year. The company reported an $80.7 billion net loss, largely due to valuation-related accounting charges. Despite the losses, the company's revenue growth is a positive sign, and the IPO could provide an opportunity for investors to get in on the ground floor of the company's success.
Long term capital gains tax is levied on profits from the sale of assets held for a specified period, and adjustments to these rates are frequently used by governments to stimulate or cool investment activity.
- •Official policy announcements or draft proposals regarding tax revisions ahead of the upcoming budget.
- •Reactions from domestic and foreign investors regarding proposed calculation methods in foreign currencies.