Capital gains exemption limit hiked to Rs 1.25 lakh for equity; STCG tax rate hiked to 20%, LTCG made to 12.5% for all assets in Budget 2024

LTCG, STCG in Budget 2024: As per income tax rules, when an individual sells a capital asset, he/she can earn capital gains or losses. The Budget 2024 has rationalised the capital gains tax structure for all the asset classes. Read on to know the new capital gains structure proposed in Budget 2024.
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