PHDCCI seeks scrapping of equity LTCG tax and a 10% STCG rate in Budget 2027

1. What happened

   According to a Moneycontrol report, the PHD Chamber of Commerce and Industry (PHDCCI) has asked for the long-term capital gains (LTCG) tax on equities to be scrapped and the short-term capital gains (STCG) rate cut to 10%. The headline is the only detail available, so the full reasoning is not known.

2. When it started

   The report is tied to Budget 2027, but the publication date and the exact timing of the submission are not stated in the material provided.

3. How it spread

   This is a recommendation from a business body ahead of the budget, not a change in law. Any tax change would require the government to adopt it in the budget.

4. Why it matters

   The provided material does not say why PHDCCI is seeking these changes. Reasons would need to be checked in the full Moneycontrol article.