|
Category |
New Tax
Rates and Regulations (2024-25) |
|
Long-Term
Capital Gains (LTCG) |
|
|
Tax Rate |
12.5%
(increased from 10%) |
|
Exemption
Limit |
₹1.25 lakh
(increased from ₹1 lakh) |
|
Classification |
Listed
financial assets held for more than a year are classified as long-term |
|
Short-Term
Capital Gains (STCG) |
|
|
Tax Rate on
Certain Financial Assets |
20% |
|
Tax Rate on
Other Financial Assets and Non-Financial Assets |
Continue to
attract the applicable tax rate |
|
Securities
Transaction Tax (STT) |
|
|
Hike on
F&O Securities |
Increased by
0.02% |
|
Income
Receipt on Share Buyback |
Taxed in the
hands of recipients |
|
Additional
Announcements |
|
|
Tax
Litigation |
Introduction
of Vivad Se Vishwas Scheme 2024 |
|
PM Awas
Yojana - Urban 2.0 |
₹10 lakh
crore proposed to address housing needs of 1 crore urban poor and middle
class |
|
Industrial
Development |
12 new
industrial parks to be developed under National Industrial Corridor
Development programme |
Understanding Capital Gains Tax:
|
Type of
Capital Gain |
Duration
Criteria |
|
Short-Term
Capital Gains (STCG) |
|
|
Listed
Securities, UTI Units, Equity-Oriented Funds, Zero-Coupon Bonds |
Held for not
more than 12 months |
|
Unlisted
Company Shares, Immovable Property (land/building) |
Held for not
more than 24 months |
|
Other Assets |
Held for up
to 36 months |
|
Long-Term
Capital Gains (LTCG) |
|
|
Listed
Securities, UTI Units, Equity-Oriented Funds, Zero-Coupon Bonds |
Held for more
than 12 months |
|
Unlisted
Company Shares, Immovable Property (land/building) |
Held for more
than 24 months |
|
Other Assets |
Held for more
than 36 months |
Capital gains tax is levied on the profit from the sale of a
'capital asset' as per the Income Tax Act, 1961. Examples include land,
buildings, vehicles, patents, and machinery. The tax rates and computation
methods vary depending on the type of capital asset and the duration it is
held.