The Budget 2024 has introduced modifications to the long-term capital gains (LTCG) tax regime, affecting how much you’ll pay on profits from your share investments. These changes are crucial for both current and future investment strategies. New tax rules explained The revised tax rules have increased the LTCG exemption limit from ₹1 lakh to ₹1.25 […]
Budget 2024: Changes in Capital Gains Taxation and Customs Duties on Precious Metals
### Budget 2024: Changes in Capital Gains Taxation and Customs Duties on Precious Metals The Budget 2024, presented by Finance Minister Nirmala Sitharaman on July 23, has introduced significant changes to the taxation of capital gains and customs duties on precious metals. These updates aim to simplify the tax framework and make key assets more […]
Budget 2024 income tax changes: New slabs, capital gains overhaul, TDS rate revisions, more – CNBC TV18
In the Union Budget 2024 presented by Finance Minister Nirmala Sitharaman, several changes to income tax regulations have been announced, affecting various aspects of tax calculation and deductions. Here’s a detailed overview of the key modifications: Revised income tax slabs The Finance Minister has increased the lowest slab in the new tax regime to ₹3 […]
Budget 2024: FM Sitharaman raises LTCG from 10% to 12.5%; STCG at 20% – CNBC TV18
Finance Minister Nirmala Sitharaman has raised the tax rate for equity investments held for less than one year or short-term capital gains (STCG) tax to 20% from 15% in the Union Budget 2024–45. The FM also raised the long-term capital gains (LTCG) or tax rate on shares held for more than a year to 12.5% […]
Budget 2024: Here’s a look at key taxes paid by consumers in India – CNBC TV18
SUMMARY As Budget 2024 approaches, it’s important for consumers to be aware of the various taxes they pay on different transactions. Here is a ready reckoner on key taxes applicable in India, including Income Tax (IT), Securities Transaction Tax (STT), Capital Gains Tax (CGT), and Goods and Services Tax (GST). By Anshul July 23, 2024, […]