Lib Stacee

Long Term Capital Gains Tax Rate 2024 Indian Government. The proviso states that in case of transfer of a long term capital asset, being land or building or both, that is acquired before 23rd july 2024, where income tax. Long term capital gains (ltcg) tax will be hiked from 10 to 12.5% while short term capital gains (stcg) tax on some assets will be increased from 15% to.

This rate was earlier 20% with indexation. 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.