India’s equity LTCG tax has shifted several times since 2003
In short
India’s equity long-term capital gains tax has changed several times since 2003.
The report says there was a temporary exemption in 2003, a tax-free regime in 2004, and a return of the tax in 2018. It also says there are fresh calls for reform, but it does not say what change is being asked for.
What the reporting says
India’s equity long-term capital gains tax has changed several times since 2003, from a temporary exemption to a tax-free regime in 2004 and then a return in 2018, according to the summary. The report says there are now fresh calls for reform. The immediate takeaway is that the tax regime has been unstable over time, but the exact reform being sought is not stated.
Why it matters
The reporting traces India’s equity LTCG tax policy from a temporary exemption in 2003 to a tax-free regime in 2004, then its return in 2018, with fresh calls for reform now. This is a policy timeline rather than a new market event. The source does not specify the reform proposal, who is pushing it, or what government response is expected.