PHDCCI urges scrap of equity LTCG tax, lower STCG rate
In short
PHDCCI has asked the government to change taxes in the Union Budget 2027-28. It wants long-term capital gains tax on equities removed and short-term capital gains tax cut to 10%. It also wants easier loan repayment rules and higher loan limits for MSMEs.
The chamber says these steps could help small businesses get more credit and support. It says that may boost India's manufacturing and jobs.
What the reporting says
PHD Chamber of Commerce and Industry has made recommendations for the Union Budget 2027-28, including abolishing long-term capital gains tax on equities and cutting short-term capital gains tax to 10%. The chamber also called for relaxed loan repayment norms and higher loan limits for MSMEs. It said better credit access and equity support could help MSMEs, which it linked to India's GDP and jobs, and strengthen manufacturing.
Why it matters
PHDCCI has put forward Budget 2027-28 recommendations that target equity taxes and MSME credit. It proposed removing long-term capital gains tax on equities, reducing short-term capital gains tax to 10%, easing loan repayment rules, and raising loan limits for MSMEs. The chamber linked these measures to MSME contribution to GDP and employment, and said improved access to credit and equity support could aid manufacturing.