Budget 2027: Industry Seeks LTCG Tax Abolition, STCG Cut To 10%, Lower STT Rates

Industry has urged Finance Minister Nirmala Sitharaman to abolish long-term capital gains tax, reduce short-term capital gains tax to 10% and lower Securities Transaction Tax (STT) rates ahead of the Union Budget. PHDCCI has also called for a review of the concessional 15% corporate tax regime for new manufacturing units amid geopolitical uncertainties, besides seeking revised MSME classification norms, higher PM Mudra loan limits and direct equity support for MSMEs.