History of capital gains tax on listed equity in India

Taxation
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As it does every year, the term capital gains tax is keeping markets on its toes this year as well ahead of the budget.

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Found this interesting picture on twitter. Credits - Neil borate

Tweet link -

https://twitter.com/ActusDei/status/1615156677829091329?s=20&t=gDUp4ycilQqIEpmhyEPpRw

Does it make sense to make the Capital gains taxation uniform across various asset classes. I personally don’t think so. but let me know what are your thoughts

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I am also with you on this. I just hope they dont increase the 1yr for equity. :pleading_face:

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Maybe it is a small step towards
eventually removing the distinction between STCG - LTCG? :thinking:

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There are multiple rumours circulating. I read somewhere that they are planning to treat stcg as business income instead of capital gains

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Things are simplified only if it results in more taxation.

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Scrap income tax and increase GST rate by 1 percent for all goods other than the ones which are under exempt and zero rated.