Capital Gains Tax Rate 2024/25 2024o25

Capital Gains Tax Rate 2024/25 2024o25. The finance (no.2) bill, 2024, has introduced significant changes to the taxation of capital gains, aimed at simplifying and rationalising the system. The proposed rate hikes the tax rate by 2.5% for listed equity from 10% currently but reduces the tax rate by 7.5% for other assets such as house property,.

The central board of direct taxes (cbdt) has issued frequently asked questions (faqs) dated 24 july 2024, clarifying certain points in relation to the capital. What are the new capital gains tax rates introduced in budget 2024?