The Securities and Exchange Board of India (SEBI) has reportedly recommended scrapping the 12.5% long-term capital gains (LTCG) tax on foreign investors and offering tax relief to domestic mutual fund investors. The regulator has proposed that switching between mutual fund schemes after holding units for more than one year should not be treated as a taxable sale. The recommendations are part of SEBI’s pre-Budget proposals and are non-binding; the final decision rests with the government
