Budget 2024 Income Tax: Standardize capital gains taxation regime

Описание: Budget 2024 income tax expectations: “One major idea would be the standardization of the capital gains taxation regime. As of now, capital gains taxation in India is comparatively complex. While few changes have been made over the years with the intent to rationalize this taxation, it is still quite complicated. There are various holding periods based on asset type, for instance, debt funds and equity funds. This complexity often confuses laymen. Additionally, when individuals have to pay taxes in more than one country on this income and claim a foreign tax credit overseas for Indian taxes or vice versa, it adds to the confusion,” says Surabhi Marwah, Tax Partner, EY India. Budget 2024, which will be an Interim Budget, will be presented by Finance Minister Nirmala Sitharaman on February 1, 2024 as part of the Parliament’s Budget session.

#budget2024 #budgetsession #budgetexpectations #nirmalasitharaman

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