Union Budget 2023-24: Govt mulls options on capital gains tax regime

As preparations begin for the next budget, discussions have gained steam around what the government would do with the capital gains tax regime

After the last union budget, outgoing Revenue Secretary Tarun Bajaj had already laid down one of the taxation priorities for the upcoming 2023 Union Budget. He had said that the current capital gains tax regime needs a complete relook and that the various rates and holding periods needed to be streamlined.

“My view is that we need to absolutely relook at capital gains. Whenever I discuss this it creates a lot of friction. I think it is too complicated in terms of rates and holding periods. This is a work in progress for us,” he had told India Inc just