Budget 2024: Tax Rates On Both Short And Long Term Capital Gains Raised With Immediate Effect

Sitharaman announced that short-term capital gains on "specified" financial assets will henceforth attract a tax rate of 20 per cent instead of 15 per cent. While all other financial assets and non-financial assets shall continue to attract the "applicable tax rate".

Jul 23, 2024 - 14:15
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Budget 2024: Tax Rates On Both Short And Long Term Capital Gains Raised With Immediate Effect
Sitharaman announced that short-term capital gains on "specified" financial assets will henceforth attract a tax rate of 20 per cent instead of 15 per cent. While all other financial assets and non-financial assets shall continue to attract the "applicable tax rate".

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