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.