With Budget 2023 around the corner, there is much speculation about the long-term capital gains (LTCG) tax rates that the Finance Minister may announce. Dalal Street is a bit edgy as any tinkering with LTCG tax rates could dampen investment sentiment. Tax experts feel that the FM could opt for a 10 percent LTCG tax on all equity investments held for more than a year without indexation benefits. Other expectations include a two year holding period for all financial investments, bringing listed and unlisted equity holdings at par for taxation, reducing holding period requirement for debt mutual fund units to two years, enhancing the limit of exemption of capital gains from real estate transfer when invested in government of India-specified bonds, and permitting rebate of up to Rs 12,500 on tax payable on LTCG on the sale of listed equity shares, equity-oriented mutual fund units and units of REITs/ InvITs.
Budget 2023 Expectations What Could be the Changes in LTCG Tax Rates?
Dalal Street is a bit edgy about FM's call on long-term capital gains (LTCG) tax rates in Budget 2023. Tax experts feel any tinkering with LTCG tax rates could dampen investment sentiment. Expectations include a 10 percent LTCG tax on all equity investments held for more than a year without indexation benefits, a two year holding period for all financial investments, bringing listed and unlisted equity holdings at par for taxation, and more.
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