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Budget 2024: Big Benefit On Capital Gains Tax? Watch FM Nirmala's Announcements | Modi Govt 3.0
Published on Jul 23, 2024 03:02 pm IST
The Union Budget for 2024-25 has hiked the long-term capital gains tax (LTCG) on all financial and non-financial to 12.5 percent from 10%, while short-term capital gains tax (STCG) on some assets would be 20%. Further, the exemption limit for long-term capital gains tax has been increased to ₹1.25 lakh from ₹1 lakh. The budget also announced that listed financial assets held for more than a year will be classified as long-term.
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