ftcci meet Capital gains law made more complex, say  experts 

Discussing that in the name of simplification, the tax law concerning capital gains is made more complex, a programme on capital gains under income tax was held by the Federation of Telangana Chambers of Commerce and Industry (FTCCI) on Wednesday.
The event focused on recent changes in capital gains taxation presented by Finance Minister Nirmala Sitharaman in the Union Budget 2024-25.
President of FTCCI Suresh Kumar Singhal noted that despite attempts to simplify the tax laws, recent amendments have made them more complex. This complexity has caused confusion among those dealing with land, property, shares and mutual funds. The programme aimed to clarify these changes and provide updates on the latest amendments.
The technical session featured Chartered Accountants P Samba Murthy and T Rajendra Prasad, who discussed key topics like the definition and types of capital assets, short-term versus long-term gains, indexation benefits and exemptions under capital gains.
The panel discussion, moderated by Ritesh Mittal, included awareness from tax experts, including retired IRS officer R Mohan Kumar. The session highlighted the challenges of understanding the new laws, while aimed at simplification, have resulted in increase of complexity, requiring ongoing learning by professionals. The event was attended by FTCCI leaders and over 50 participants.