Find
Every asset class, holding period, tax rate, and exemption, post Budget 2024 changes effective July 23 2024. The rate changes are the most significant in a decade. Know your asset, know your rate before you sell.
Capital gains, NRI, AIS/26AS · Capital Gains
LTCG vs STCG: Master Capital Gains Rate Table
Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.
Provisions
Sec 67 (old 45); Sec 196 (old 111A); Sec 198 (old 112A); Sec 197 (old 112); Finance Act 2023; Sec 194 (old 115BBH)
Analysis
BUDGET 2024 KEY CHANGES (Jul 23, 2024): LTCG on equity: 10% → 12.5%. STCG on equity: 15% → 20%. Exemption limit: ₹1L → ₹1.25L (LTCG equity only). Property LTCG: indexation removed for new purchases (but taxpayer can choose 12.5% without indexation OR 20% with indexation, pick whichever is lower for pre-Jul 2024 purchases). Holding period, what is "long term": Equity shares / equity MF: 12 months. Property / unlisted shares: 24 months. Debt MF / bonds / gold (physical): 24 months (now irrelevant since slab rate applies). SGB: held to maturity (8 years) = FULLY exempt. STT (Securities Transaction Tax): Equity LTCG and STCG at concessional rates (12.5%/20%) apply ONLY if STT was paid at time of sale (i.e. sold on a recognised stock exchange). Off-market equity sale without STT → slab rate, not 12.5%/20%.
Close
- Identify every capital asset sold or redeemed in the financial year
- For each asset: determine purchase date, purchase price, sale date, sale price
- Calculate holding period, is it LTCG or STCG?
- Apply correct rate: equity LTCG 12.5% (above ₹1.25L), equity STCG 20%, property LTCG 12.5% / 20% with indexation (choose lower), debt MF slab, crypto 30%
- Check if any exemption applies: Sec 82, Income-tax Act 2025 (old Sec 54; property to property), Sec 85 (old Sec 54EC; bonds), Sec 86 (old Sec 54F; other asset to property)
- Download capital gains statement from CAMS / KFintech for MF
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