There is merit in rationalizing the taxes but should it be done this year? Madhu Kela answers

“Logically speaking, given that markets have also become normal, given the context that there is talk of global recession and we need very healthy capital markets, it should not get distorted. Having said this, if the time frame changes and for LTCG tax, long term goes from one year to two years, I do not see a meaningful impact on the markets.”