Capital gains exemption limit hiked to Rs 1.25 lakh for equity; STCG tax rate hiked to 20%, LTCG tax rate made 12.5% for equity, property, others in Budget 2024
The finance minister Nirmala Sitharaman has proposed following changes in the capital gains taxation regime in Budget 2024:1. Short term gains on listed equity shall attract a tax rate of 20% from 15% currently, while that on all other financial assets and all non-financial assets shall continue to attract the applicable tax rate.2. Long term