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

in text •  2 years ago 

The finance ministry is looking at rationalising long-term capital gains tax structure by bringing parity between similar asset classes and revising the base year for computing indexation benefit to make it more relevant, an official said on Friday. Currently, shares held for more than one year attract a 10 per cent tax on long-term capital gains.
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2 years ago by

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