Starting 1 April 2023, debt funds no longer received indexation benefits and were deemed to be STCGs.
Authors
Deepanshu Mohan, Professor and Dean, IDEAS, Office of Interdisciplinary Studies and Director, Centre for New Economics Studies (CNES), O.P. Jindal Global University, Sonipat, Haryana, India
Aditi Desai, Senior Research Analyst, CNES, O.P. Jindal Global University, Sonipat, Haryana, India
Summary
Over the last few weeks, one of the more debated proposals of the Union Budget for 2024-25 has been the overhaul of the long-term capital gains (LTCG) tax regime.
Finance Minister Nirmala Sitharaman had announced that the new regime will eliminate the indexation benefit for calculating the LTCG on assets such as property, gold, and unlisted investments while reducing the LTCG tax rate from 20 percent to 12.5 percent.
Published in: The Quint
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