Rationalise capital gains tax regime
- On February 17, 2022
- By GrowthInvest Marketing
Revenue Secretary Tarun Bajaj is right to say that the capital gains tax regime needs a fresh look. Capital gains are taxed inefficiently now. A simple way to entail a holistic way to tax capital gains is to scrap the clumsy distinction between short- and long-term capital gains – which attract different rates – based on the period of holding, abolish the securities transaction tax (STT), and include only that portion of capital gains not used in any other capital asset, as part of taxable incom ..
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