Long Term Capital Gains Tax Rate 2024 India. Long term capital gains (ltcg) tax will be hiked from 10 to 12.5% while short term capital gains (stcg) tax on some assets will be increased from 15% to 20%, finance minister nirmala sitharaman. You have the ltcg tax on rs 60,000.
The stcg (short term capital gains) tax rate on equity funds is 15%. Listed financial assets held more than a year will be classified as long term.
The Finance Minister Has Also Announced An Increase In Limit Of.
The finance minister today announced changes to the capital gains tax structure in india.
The Long Term Capital Gains (Ltcg) Tax Will Rise From 10% To 12.5%, And The Short Term Capital Gains (Stcg) Tax On Certain Assets Will Increase From 15% To 20%.
The union budget 2024, presented by finance minister nirmala sitharaman on tuesday, reduced the long term capital gains (ltcg) tax on gold investments from 20 per cent to 12.5 per cent.
Long Term Capital Gains Tax Rate 2024 India Images References :
For Listed Financial Assets, The Holding Period To Qualify.
India's current capital gains tax structure is complex, with multiple rates depending on the type of capital asset.
The Finance Minister Today Announced Changes To The Capital Gains Tax Structure In India.
She added, if anything, the average taxation has actually come down when we say it is 12.5%.
