Capital Gains Tax Summary (India)
Created by CA Yogesh Kumawat 📊 Capital Gains Tax Summary (F or the transfers happened on or after 23 July 2024, tax on Capital Gains as per New Regime are to be taxed as follows) Tax Type Asset/Condition Applicable Tax Rate Long-Term Capital Gains (LTCG) Listed equity shares (STT paid on purchase and sale) 12.5% on gains exceeding ₹1.25 lakh Units of equity-oriented mutual funds (STT paid on sale) Land or Building or Both — Individuals/HUFs 12.5% without indexation or 20% with indexation (whichever is beneficial) Land or Building or Both — Other persons 12.5% without indexation Other LTCG assets 12.5% Short-Term Capital Gains (STCG) When STT is not applicable Taxed as per normal income slab rates When STT is applicable 20% Note : Basic Exemption is allowed in all the cases (New Regime)(Rs.400,000) Sec 115BAC Note : Cannot claim any deductions of Chapter-VIA except in STCG where normal income slab rates applies. 🏠 Sale of Residential Property (House Property / Land for hou...