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Capital Gain Tax: The general budget of the country is going to come soon, in such a situation the market of various discussions is hot. On the other hand, expectations ranging from general to special are attached to Finance Minister Nirmala Sitharaman, because people from different sectors definitely want something for themselves in Budget-2023 in different ways. At the same time, investors also want changes in capital gains important for them from the Finance Minister, they hope that this time big announcements can be made for Capital Gain Tax. At the same time, the government has also drawn its attention towards this, because the government also wants to increase the insurance sector. In such a situation, the government can make changes in Capital Gain Tax to attract investors here. On the other hand, today we are going to give you detailed information about the current status of Capital Gain Tax and what investors can expect in Budget-2023.
What is Capital Gain Tax
Capital Gain Tax is mainly divided into two parts, in which the first is Short Term Capital Gain Tax and the second is Long Term Capital Gain Tax. In this, its definition has been given according to assets, where long term capital gain tax is levied in case of profit on sale after a time limit, while short term capital gain tax has to be paid if sold before that. Along with this, Long Term Capital Gain Tax is levied on Equity and Mutual Funds, Listed Bonds having a period of one year, as well as Long Term Capital Gain Tax on Real Estate, Non Equity Mutual Funds on completion of two years and three years respectively. Tax is levied.
How much does Capital Gain Tax cost?
Explain that if you make a profit of more than one lakh by keeping equity and mutual funds for one year, then you have to pay 10% tax without indexation. Along with this, short term and long term capital gain tax has to be paid in non equity mutual funds and real estate with 20% indexation. On the other hand, listed bonds attract 10% tax with indexation.
This is what investors expect from Budget 2023
Let us inform that at present, 30% tax has to be paid on earning profits from the sale of shares within a year, due to which investors retreat from this. At the same time, the government can change it to bring small investors, where the government can reduce the rates of Capital Gain Tax. Along with this, at present the limit of Capital Gain Tax is Rs 1 lakh, the government can increase this limit up to Rs 2.5 lakh in the budget-2023 to encourage long-term investment.
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