05 October 2024
shares purchased Listed and unlisted on 25th December 2022 and sold it on 25th December 2023, whether it can be :Long term capital gain or short term capital gain in both the case.
05 October 2024
Earlier, short-term capital gains from listed shares and equity mutual funds were taxed at 15% while long-term capital gains were taxed at 10%. Following Budget 2024, STCG will be increased to 20% from 15%. LTCG tax was also hiked to 12.5% from 10% earlier. The holding period for to classify as short-term remains unchanged at 12 months. After 12 months, the gain will be considered as long-term capital assets. The changes are effective from July 23, 2024.
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