Capital gain tax: The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman, has introduced significant modifications to the capital gains tax structure, presenting a mix of challenges and advantages for investors. FM Sitharaman’s announcement included adjustments in the holding period and Long-Term Capital Gains (LTCG) tax rate, with the Short-Term Capital Gains (STCG) tax
The Budget 2024 amendments have introduced significant changes to the definition of specified mutual funds, making international funds and funds of funds (FOF) more attractive to investors. The key highlight of these amendments is the reinstatement of indexation benefits, which will now apply to these categories. Additionally, long-term capital gains will only be charged if
The budget shocked investors with a change in capital gain structure but gave a relief to those investing in international funds. Finance Minister Nirmala Sitharaman announced a change in holding period, LTCG tax rate while keeping STCG tax rate unchanged for overseas FoFs (international funds), gold mutual funds, and equity FoFs.The holding period for equity