There is no change in the period and rate of STCG in the new Income Tax Bill, it will be presented in Lok Sabha soon

A new Income Tax Bill 2025 may be introduced in the Lok Sabha soon. Explaining what could be the major points in the new Income Tax Bill, CNBC-Awaaz's Economic Policy Editor Laxman Roy said that there will be no change in the STCG rate in the new Income Tax Bill. The STCG rate will remain at 20 percent in the new Income Tax Bill. There will be no change in the STCG period for equity. A period of up to 12 months will be considered STCG (Short Term Capital Gains). It is proposed to implement the new bill from April 1, 2026.

There will be no change in the period of short term capital gains for equity. Under section 101 (b), a period of up to 12 months will be considered as short term capital gains. There will be no change in the rate of short term capital gains tax. The entire 12 months of the financial year will now be called a tax year. There will be no such thing as an assessment year. The word assessee will not be used. The new Income Tax Bill 2025 will be of a total of 600 pages. It will have a total of 23 chapters and a total of 16 schedules. It will have a total of 536 clauses. Earlier it had 298 sections.

Let us tell you that earlier there were three different years namely Assessment Year, Previous Year and Financial Year. This caused a lot of confusion. To remove this confusion, now only one word will be used, its name is Tax Year. This will be the 6th Income Tax Bill in the history of India. The new Income Tax Act will replace the Income Tax Act of 1961.

It is worth noting that there were talks of changes in the provision of capital gains tax. But if you read the new income tax bill, it is written in it that the period of short term capital gain will be 24 months. People were considering that 24 month period as cost. This was written in part A of section 101, people were reading it in the wrong way. Whereas if you go to part B of the same section 101, you will find it written here that in this section, 12 months has already been chosen instead of 24 months. The same will be applicable here.

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Also keep in mind that this is just a bill right now. This bill will be presented in the House this week or next week. As soon as it is presented, it will be sent to the Standing Committee. There will be consultation on it. In such a situation, many changes can be made in it. Based on the changes that will be made on the basis of the Standing Committee's recommendation, this bill will be placed in the Parliament. In such a situation, many things can change in it, we cannot deny the possibility of this.