Budget 2024: CA Explains The LTCG, STCG Tax Hike Math | How Capital Gains Tax Hike Will Impact You

Budget 2024: One of the big shockers of the finance minister's union budget announcement was that long-term and short-term capital gains taxes were being raised - LTCG from 10% to 12.5, and STCG on specified assets from 15% - 20%. As per definition, any profit or gain that arises from the sale of a 'capital asset' is a capital gain. Additionally, the exemption limit for these gains has been set at ₹1.25 lakh per year. Additionally, indexation has been done away with. With all this complications, how will your investments now be taxed? Here's a roundup, with an explanation from Karan Batra, Founder, Chartered Club - watch!
#tax #taxation #budget


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