New capital gains tax regime after Budget 2024: STCG, LTCG tax rates, exemption, holding period for equity share, debt, gold, property
Published by Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar, founder of SahajMoney, listed gains taxed at slab rates as short term whatever the holding period: debt fund units bought after 31 March 2023, market-linked debentures, and unlisted bonds sold or redeemed from 23 July 2024. The article credits him for its gold rules.
More of Abhishek's views on money management
ET Wealth explains the capital gains tax changes in Union Budget 2024, effective from 23 July 2024. It covers the new 12-month and 24-month holding periods, the rise in short-term gains tax on listed equity and equity funds to 20%, long-term gains at 12.5% without indexation, the exemption raised to ₹1.25 lakh, slab-rate tax on newer debt fund units and the effect on property sales. It includes comments from Abhishek Kumar.
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New capital gains tax regime after Budget 2024: STCG, LTCG tax rates, exemption, holding period for equity share, debt, gold, property