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Rationalisation in long-term capital gains tax structure on the anvil

Rationalisation in long-term capital gains tax structure on the anvil The revenue department is now looking at rationalising the tax rates as well as holding period for calculating long-term capital gains and an announcement is likely in the 2023-24 Budget to be presented in Parliament on February 1. Also, a change in base year for computing inflation-adjusted capital gains is being contemplated

Revenue department aims to make capital gains tax structure simpler via reforms

Gains arising from sale of immovable property and unlisted shares held for more than 2 years and debt instruments and jewellery held for over 3 years attract 20 per cent long term capital gains tax.

Rationalisation in long-term capital gains tax structure on the anvil - Jammu Kashmir Latest News | Tourism

Rationalisation in long-term capital gains tax structure on the anvil - Jammu Kashmir Latest News | Tourism
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