Updated Jan 30, 2021 | 14:07 IST | Kapil Rana
FM needs to provide some relief measures in terms of Capital Gains Tax which may give more legs to the stock market rally. Here are a few points how it can be tweaked to be investor friendly Budget expectations 2021: change in Capital Gains Tax | Photo Credit: BCCL
Capital gain tax is charged at the time of sale of a capital asset on the amount of capital gain. Capital gain can be either long term or short term on the basis of the holding period.
In the coming Budget, the holding period for long-term capital assets, which is presently 36 months should be reduced to 24 or 12 months so that maximum taxpayers can take the benefit of long-term capital gain by holding the capital asset for a shorter span of 24 or 12 months as the case may be.