Capital Gains Tax: So Many Rates! Why Is A Clean-Up The Need Of The Hour? | Indianomics

The current capital gains tax regime is complicated due to the various rates and holding periods, and its simplification and clean-up are long overdue, Revenue Secretary Tarun Bajaj said."Our capital gains tax regime is very complicated. It needs simplification. I have said this and I am repeating it again. We charge different taxes on different financials. We also have different time periods to decide, short-term and long-term. In some cases, we have indexation and in other cases, we don't have it. All this needs cleaning up," he told CNBC-TV18 in an interview.In today's episode of Indianomics, Dinesh Kanabar, CEO, Dhruva Advisors, Sudhir Kapadia, National Tax Leader, EY, Nilesh Shah, MD, Kotak Mahindra AMC and DP Singh, Deputy MD & Chief Business Officer, SBI Mutual Fund, speak on simplifying the capital gains tax regime and what does Budget 2023 hold for the capital gains tax. Listen in.#capitalgainstax #unionbudget2023 #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday About CNBC-TV18: