New capital gains tax regime after Budget 2024: STCG, LTCG tax rates, exemption, holding period for equity share, debt, gold, property

The Union Budget 2024 has overhauled capital gains tax rules in India. From July 23, 2024, a uniform long-term capital gains (LTCG) tax rate of 12.5% applies to all assets-equity shares, debt, gold, and property-without indexation benefits, and the exemption limit is raised to ₹1.25 lakh. Short-term capital gains (STCG) on listed equity shares and equity mutual funds are now taxed at 20%, up from 15%. The holding period for LTCG is 12 months for listed securities and 24 months for other assets, simplifying previous rules. For property bought before July 23, 2024, taxpayers can choose between 12.5% without indexation or 20% with indexation