On 23 August 2019, India's Finance Minister Nirmala Sitharaman announced a package of measures to achieve higher economic growth. This includes two main taxation measures in relation to investment:
- In order to encourage investment in the capital market, it has been decided to withdraw the enhanced surcharge levied by Finance (No. 2) Act, 2019 on long/ short term capital gains arising from transfer of equity shares/units by individuals (enhanced 25% surcharge on income exceeding INR 20 millio…