Capital gains taxation streamlined with short-term gains on ...

Capital gains tax: 20% on short-term gains, 12.5% on long-term gains. Higher exemption limit for long-term gains on financial assets.

News Budget

July 23, 2024

Capital gains taxation streamlined with short-term gains on certain financial assets attracting 20% tax and long-term gains on all assets attracting 12.5% tax. Exemption limit for long-term capital gains on financial assets increased from Rs. 1 lakh to Rs. 1.25 lakh per annum. Listed financial assets held for over a year classified as long-term, unlisted financial assets and non-financial assets require two-year holding period. Unlisted bonds, debentures, debt mutual funds, and market-linked debentures taxed at applicable rates regardless of holding duration.

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Capital gains taxation streamlined with short-term gains on ...

Capital gains tax: 20% on short-term gains, 12.5% on long-term gains. Higher exemption limit for long-term gains on financial assets.

News Budget

July 23, 2024

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