Tax cuts on the cards of govt? Industry stakeholders hope for relief to improve consumption

Know more→

Private Capital

Tax cuts on the cards of govt? industry stakeholders hope for relief to improve consumption

17 Jan 2025

1 min read

"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

Disclaimer: The text, images and content here have been reproduced from the original publisher. Praxian Global Private Limited does not claim any ownership or right to use of this content and the rights belong to the publisher. We have contributed our perspectives, which are often proprietary, to the content publisher. We or the publisher have no obligation to update or refresh the content or our perspectives shared herein.

Ready to talk?

I want to talk to your experts in:

We work with ambitious leaders and transformative clients who are defining the future. Together, we achieve extraordinary outcomes.

Tax cuts on the cards of govt? Industry stakeholders hope for relief to improve consumption | PraxisGA