During the 2024 budget, the finance minister proposed some big changes to capital gain tax rules and rates. What are these new capital gain tax rules and rates?
I think these new changes will going to be impact to equity investors, mutual fund investors, and property sellers. Let us see all these changes.
Budget 2024 – New Capital Gain Tax Rules And Rates
Let us first understand what is long-term and short-term as per the new proposed tax rules.
For all listed securities – The long term means a 12-month holding period or 1 year.
For all unlisted securities – The long term means a 24-month holding period or 2 years.
Note – The above information is based on my understanding on this Budget day. However, if there are any changes, then I will update the same.
Refer to our earlier Budget 2024-related posts –
