Can India abolish LTGC tax? SBI Research says Centre has ‘fiscal headroom’ to absorb loss, suggests alternatives

SBI Research says India has enough ‘fiscal headroom’ to abolish long-term capital gains tax and absorb loss of potential ₹40,000-50,000 FY28 revenue. Instead, it suggests higher exemptions, lower rates for longer-held investments and a 50% increase in STT.