Explanation
Finance (No. 2) Act 2024 revised capital gains tax rates effective 23 July 2024: (1) LTCG on listed equity shares and equity-oriented mutual funds: 12.5% (was 10%); exemption limit raised from ₹1,00,000 to ₹1,25,000. (2) STCG on listed equity: 20% (was 15%). (3) LTCG on all other assets (real estate, gold, debt MFs, etc.): 12.5% without indexation (was 20% with indexation) — holding period for real estate reduced to 24 months. (4) Debt mutual funds (purchased before 1 April 2023) tax at applicable slab rates — no special capital gains rate. These changes apply for AY 2025-26 (FY 2024-25) and onwards. Verify on incometaxindia.gov.in.