Private Capital
Tax cuts on the cards of govt? Industry stakeholders hope for relief to improve consumption
17 Jan 2025
"Reducing long-term and short-term capital gains taxes would incentivize investment and enhance returns. Treating carried interest as capital gains, not ordinary income, and exempting it from GST to align with global fund management practices. Government may reduce the holding period for unlisted shares transferred under OFS in IPO to 1 year. Addressing the backlog of tax appeals and creating measures to prevent future disputes, ensuring a more predictable tax environment. Enhancing transparency and reducing bureaucratic hurdles through digital solutions to improve regulatory compliance," said Akshat Gupta, Practice Leader, Private Capital at Praxis Global Alliance.
Budget 2025 Expectations Live: Tax cuts on the cards of govt? Industry stakeholders hope for relief to improve consumption - The Economic Times