Here’s a quick round-up of key taxation changes in the Union Budget 2024-25 that may impact your earnings this year.
Note: Below changes will be effective for all assets sold post 23rd July 2024.
LISTED ASSETS
| ASSET | STCG Before | STCG Now | Holding Period | Holding Period Changed? | LTCG Before | LTCG Now |
| Stocks# | 15% | 20% | 12 months | No | 10% | 12.5% |
| Equity MFs# | 15% | 20% | 12 months | No | 10% | 12.5% |
| Debt and Non-Equity MFs | Slab Rate | Slab Rate | NA | Yes | Slab Rate | Slab Rate |
| Listed Bonds | Slab Rate | 20% | 12 months | No | 10% | 12.5% |
| REITs/InVITs | 15% | 20% | 12 months* | Yes | 10% | 12.5% |
| Equity FoFs* | Slab Rate | 20% | NA | Yes | Slab Rate | 12.% |
| Gold/Silver ETF | Slab Rate | 20% | 12 months | Yes | Slab Rate* | 12.5% |
| Overseas FoFs | Slab Rate | Slab Rate | 24 months | Yes | Slab Rate | 12.5% |
| Gold Funds | Slab Rate | Slab Rate | 12 months | Yes | Slab Rate | 12.5% |
#Annual LTCG exempt amount hiked from ₹1 lakh to ₹1.25 lakhs for stocks and equity MFs
UNLISTED ASSETS
| ASSET | STCG Before | STCG Now | Holding Period | Holding Period Changed? | LTCG Before | LTCG Now |
| Physical Real Estate | Slab Rate | Slab Rate | 24 months | No | 20%** | 12.5% |
| Unlisted Bonds | Slab Rate | Slab Rate | 24 months | Yes | Slab Rate | Slab Rate |
| Physical Gold | Slab Rate | Slab Rate | 24 months | Yes | 20%** | 12.5% |
| Unlisted Stocks | Slab Rate | Slab Rate | 24 months | No | 20%** | 12.5% |
| Foreign equities/debt | Slab Rate | Slab Rate | 24 months | No | 20%** | 12.5% |
*Apart from those investing 90% in equity ETFs | **Including indexation | Those investing in funds with at least 65% equity
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