News > Govt open to some Tinkering in Capital Gains Tax Regime: Revenue Secy

Govt open to some Tinkering in Capital Gains Tax Regime: Revenue Secy

The government is open to 'some tinkering' in the varied rates and holding period for computation of capital gains tax on shares, debt and immovable property, in a bid to make it simple, Revenue Secretary Tarun Bajaj said on Wednesday.

Bajaj said the current capital gains tax structure is "too complicated" in terms of varied rates and period of holding across the assets and hence needs a relook. "We need to rework the capital gains structure for rates, holding period... We would be open to some tinkering in it the next time we get an opportunity," Bajaj said at a CII event.