In Budget 2024, Finance Minister Nirmala Sitharaman removed the indexation benefits previously available for property sales. Global brokerage house CLSA believes this move is negative for investments with shorter duration. The FM also announced a reduction in Long Term Capital Gains (LTCG) Tax on property sales from 20% to 12.5%. […]
long-term capital gains tax
Budget 2024: Finance Minister Nirmala Sitharaman announced an increase in both long-term and short-term capital gains tax in her budget speech earlier today. As per definition, any profit or gain that arises from the sale of a ‘capital asset’ is a capital gain. Sitharaman announced that short-term capital gains on […]
The Indian stock market has been on a record-breaking spree in July, driven by optimism about a growth-oriented Union Budget, expectations of healthy April-June quarter earnings for fiscal 2024-25 (Q1FY25) by Indian corporates, and the steady progress of the monsoon. In the previous session, the 30-share benchmark hit its fresh […]
Ace investor Shankar Sharma, who has been following the trends of the election results, stated on X (formerly Twitter) that one thing was certain: given the current situation, in which PM Modi’s NDA and the INDIA bloc are in a close battle with one another, short-term capital gains tax (STCG) […]