the Qs
the Qs

Can you explain the major changes in capital gains taxation from the Budget 2024? I’m trying to figure out how these updates will impact my investments.

Budget
budget
The Budget 2024 introduces several significant changes to capital gains taxation that will impact your investments. Short-term capital gains are now taxed at 20%. Long-term capital gains on both financial and non-financial assets are taxed at 12.5%. Additionally, the exemption limit for long-term gains on financial assets has been increased to ₹1.25 lakh per year, but the indexation benefit has been removed. The 'Angel Tax' has been abolished, and the corporate tax rate for foreign companies has been reduced to 35%. Also, Securities Transaction Tax (STT) rates on options and futures have been increased to 0.1% and 0.02% respectively.
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Can you explain the major changes in capital gains taxation from the Budget 2024? I’m trying to figure out how these updates will impact my investments.

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the Qs

Can you explain the major changes in capital gains taxation from the Budget 2024? I’m trying to figure out how these updates will impact my investments.

The Budget 2024 introduces several significant changes to capital gains taxation that will impact your investments. Short-term capital gains are now taxed at 20%. Long-term capital gains on both financial and non-financial assets are taxed at 12.5%. Additionally, the exemption limit for long-term gains on financial assets has been increased to ₹1.25 lakh per year, but the indexation benefit has been removed. The 'Angel Tax' has been abolished, and the corporate tax rate for foreign companies has been reduced to 35%. Also, Securities Transaction Tax (STT) rates on options and futures have been increased to 0.1% and 0.02% respectively.
Rectangle 5937

Wait..would you like to get more like this?

Join 12,000+ readers who receive our insights decoding Personal Finance twice a week, so you can make the most out of your money.
No Spam. Only Finance
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Recent Posts

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Tax rates of G20 Countries and India’s Global Standing.

Exploring the highest and lowest income tax rates across G20 countries and discovering how different nations tax their citizens, with India's highest rate at 30%.

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Index funds make investing easy by tracking a market index, helping your money grow steadily. They offer lower fees and built-in diversification, providing a simple way to build long-term wealth.

Can you explain the major changes in capital gains taxation from the Budget 2024? I’m trying to figure out how these updates will impact my investments.

How much emergency fund should I have, and where to save it? Should I keep it in a separate account or invest?

Honestly, on the conservative side, one should have at least 12 months worth of living expenses as emergency savings and you cannot just create this once and forget about it.…

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Why join Dime's Tax Strategy Masterclass?

Comprehensive

Practical

Case Studies

This isn’t a normal masterclass. You will get a comprehensive hands-on experience of various “Tax Strategies” with our proven case-study based approach.

Get access to in-house built powerful Old vs. New Tax regime calculator, tax handouts, and more.
Thousands have benefited you can too!
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2000+ People have already saved Taxes