The short-term and long-term capital gain space has been simplified to a large extent in the Finance Act (No 2) of 2024. However, in case these asset classes are sold between one and two years, then they are taxed as short-term capital gains at 20 per cent. This unevenness in treatment of different asset classes is due to the fact that the holding period for the purpose of computing capital gains is different for different asset classes, i.e. Since the indexation has already been withdrawn for all asset classes, including property, there is not much reason to keep such unevenness and corresponding complexity. It is thus expected that the holding period for the purpose of computing capital gains for all asset classes may be set as 12 months in the Union Budget 2026.