new delhi india unlike the world has an extremely difficult and complicated tax structure hence the industry seeks a simplified version of the existing provisions to tax capital gains in india according to et now the capital gains tax is dependent on the asset that a person is buying or selling so real estate will have a very different capital gains tax computation and rate as compared to a listed or unlisted equity share the structure will also be different for a resident selling a listed or an unlisted equity share as compared to a nonresident selling the same hence a plethora of permutations and combinations has made the capital gains tax structure very complicated besides the listed equity share regime which was tax free from 20042018 was brought into its ambit this has led to creation of transition provisions for the taxation as well et now said in a report in 2004 security transaction tax stt was introduced and long term capital gains tax on listed equity shares was abolished now the government have continued with stt and added ltcg which is long term capital gains on listed equity sharesfurther the listed equity share pie of ltcg is rs 80000 crore which is roughly 6 to 7 of the governments direct tax collections this is quite large as well hence streamlining the holding period for various types of assets or tax rates should be undertaken by the government et now saidresident as well as nonresident investors will be looking out for how this particular streamlining process may happen it may happen in a staggered manner over years but it will be watched out for in budget 2023source et now