Budget 2024: In a shock to investors, Finance Minister Nirmala Sitharaman, in her presentation of the Union Budget for FY 2024-25, announced several key tax changes impacting capital gains and trading activities. FM announced that the long-term capital gains tax rate on all financial and non-financial assets will rise from […]
securities transaction tax
The biggest negative impact of the Union Budget FY25 announcements within the non-BFSI sector will be on the financial intermediaries such as stock exchanges, brokers and wealth managers. BFSI stands for banking, financial services and insurance. The short-term capital gains tax has been increased to 20% from 15% and long-term […]