The Indian stock market on Wednesday continued its upward trend for the second consecutive session, with both the Sensex and Nifty closing in the green. The Sensex gained 631.55 points, or 0.83 per cent, to settle at 76,532.96 after touching an intra-day high of 76,589.93. The Nifty surged 205.85 points, or 0.90 per cent, to
The budget 2024 reduced tax rate on long term capital gains to 12.5% from 20% and removed the benefit of indexation. A later amendment of the LTCG tax rule allowed people to choose between two options for property bought before July 23, 2024: 20% tax rate with indexation benefit or 12.5% tax rate without the
Finance Minister Nirmala Sitharama introduced a new regime for the long term capital gains (LTCG) in Budget 2024. The long term capital gains (LTCG) tax was raised from 10% to 12.5%, and the Short Term Capital Gains (STCG) tax on certain assets were increased from 15% to 20%. “Short term gains on certain financial assets