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Aa long-term capital gain(other than listed shares). il oru hidden adjustment und .
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Breaking News: Major Changes in Capital Gains and Share Market! #Budget2024
Key Highlights:
- Short-Term Capital Gains (STCG) tax rate on Equity Shares under Section 111A increased to *20%* from *15%*!
- Long-Term Capital Gains (LTCG) tax rate on Equity Shares under Section 112A increased to 12.5% from 10%!
- LTCG Exemption on Equity Shares under Section 112A increased to ₹1.25 Lakhs from ₹1 Lakh!
- LTCG tax rate on all other assets reduced from 20% to 12.5%!
Effective Date: July 23, 2024, for the above rate changes!
- Securities Transaction Tax (STT) on Futures increased to 0.02% from 0.0625%!
- STT on Options increased to 0.1% from 0.0125%!
STT rate change effective from: October 1, 2024!
- Buyback of Shares to be taxed in the hands of the recipient!