Forward of the interim finances, India Inc has urged the Finance and Company Affairs Minister Nirmala Sitharaman to rationalise and simplify the capital features tax regime within the revenue tax legislation.
At current, there isn’t any consistency in tax charges or holding interval for various kinds of devices falling with identical asset class, the Confederation of Indian Trade (CII) stated in its key proposals for interim finances.
Even the indexation profit differs in numerous conditions, it added. Apex chamber has additionally proposed a simplified framework.
#India #pitches #simplification #capital #features #tax #regime