Current Long Term Capital Gains Tax Rate 2024 Olympics. The finance (no.2) bill, 2024, has introduced significant changes to the taxation of capital gains, aimed at simplifying and rationalising the system. Taxpayers can choose to pay the lower tax amount of the following two.
So, the tax rates on the short term gains on transfer of listed assets, the rate has been increased to 20% from 15%. Removes indexation, lowers tax to 12.5%, changes holding period to 24 months.
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