The capital gains tax treatment for various types of assets has been changed in the Union Budget 2024. The holding periods for short-term capital gains (STCG) and long-term capital gains (LTCG) have been adjusted. This change will impact investments in equity, debt, gold, mutual funds, and property. The alterations announced in Budget 2024 will affect all the assets you own.
Here is a look at the latest capital gains tax rate, holding period changes of various assets. (*Gains on unlisted bond or debenture that is sold or redeemed on or after July 23, 2024 are considered as short-term capitals gains and will be taxed at your slab rate ^ No LTCG on sovereign gold bonds on maturity or premature redemption during RBI’s 21-day window #Source: CA Suresh Surana $Source: Abhishek Kumar, SEBI RIA, Founder of SahajMoney.com)
Leave a comment