Long Term Capital Gains Tax Rate 2024 India. On july 23, the finance minister nirmala sitharaman has sought to rationalise capital gains, imposing a tax rate of 20% tax rate on short term gains of financial assets to attract 20% tax rate; Section 48 of the ita, prescribes the mode of computation of income under the head capital gains.
However, the rate at which it is taxed has increased from 10% to 12.5%. What are the new capital gains tax rates introduced in budget 2024?
Long Term Capital Gains Tax Rate 2024 India Images References :