Union Bank urges LTCG tax relief on equity held over 3 years
In short
Union Bank of India asked for long-term capital gains tax relief on shares held for more than three years. The report also said it wants tax changes, steady policy and bigger reforms to help investors and attract global money.
This matters for investors and the Indian market because tax rules can affect returns.
What the reporting says
Union Bank of India sought long-term capital gains tax exemption on equity held beyond three years, according to the report. The piece says the call was part of broader appeals for tax changes, policy stability and structural reforms to improve investor returns and strengthen India’s appeal to global capital.
Why it matters
Union Bank of India sought long-term capital gains tax exemption for equity held beyond three years, according to the report. The same reporting says the bank is calling for tax changes, policy stability and structural reforms to improve investor returns and make India more attractive to global capital. No official response, timeline or policy decision is provided, so the outcome remains unknown.