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Here is a look at the latest capital gains tax rate, holding period changes of various assets. (*Gains on unlisted bond or debenture that is sold or redeemed on or after July 23, 2024 are considered as short-term capitals gains and will be taxed at your slab rate ^ No LTCG on sovereign gold bonds on maturity or premature redemption during RBI’s 21-day window #Source: CA Suresh Surana $Source: Abhishek Kumar, SEBI RIA, Founder of SahajMoney.com)
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Existing rule: >12 months (36 months for units of business trust)
Proposed rule in Budget 2024: >12 months
Short-term capital gains tax
Existing tax rates: 15%
Proposed tax rates after Budget 2024: 20%
Long-term capital gains tax
Existing tax rates: 10% [on gains exceeding Rs. 1,00,000]
Proposed tax rates after Budget 2024: 12.50% [on gains exceeding Rs. 1,25,000]
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Existing rule: >24 months
Proposed rule in Budget 2024: >24 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: 10% without indexation (for non-residents), 20% with indexation (for residents)
Proposed tax rates after Budget 2024: 12.5% without indexation
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Holding period for classification as LTCG:
Existing rule: >12 months
Proposed rule in Budget 2024: >12 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: Lower of 10% without indexation or 20% withindexation*
Proposed tax rates after Budget 2024: 12.5% without indexation
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Existing rule: >36 months
Proposed rule in Budget 2024: >24 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
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Existing rule: >36 months
Proposed rule in Budget 2024: >24 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
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Existing rule: >24 months
Proposed rule in Budget 2024: >24 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: 20% with indexation
Proposed tax rates after Budget 2024: 12.5% without indexation
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Existing rule: 36 months
Proposed rule in Budget 2024: 24 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: 20% with indexation
Proposed tax rates after Budget 2024: 12.5% without indexation
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Existing rule: 36 months
Proposed rule in Budget 2024: >12 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: 12.5% without indexation
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Existing rule: 36 months
Proposed rule in Budget 2024: >12 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: 20% with indexation^
Proposed tax rates after Budget 2024: 12.5% without indexation ^
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