New capital gains tax rules: All the latest STCG, LTCG tax rates, holding period changes after Budget 2024
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New capital gains regime
The capital gains tax treatment for various types of assets has been changed in the Union Budget 2024. The holding periods for short-term capital gains (STCG) and long-term capital gains (LTCG) have been adjusted. This change will impact investments in equity, debt, gold, mutual funds, and property. The alterations announced in Budget 2024 will affect all the assets you own.
Here is a look at the latest capital gains tax rate, holding period changes of various assets. (*Gains on unlisted bond or debenture that is sold or redeemed on or after July 23, 2024 are considered as short-term capitals gains and will be taxed at your slab rate ^ No LTCG on sovereign gold bonds on maturity or premature redemption during RBI's 21-day window #Source: CA Suresh Surana $Source: Abhishek Kumar, SEBI RIA, Founder of SahajMoney.com)
Here is a look at the latest capital gains tax rate, holding period changes of various assets. (*Gains on unlisted bond or debenture that is sold or redeemed on or after July 23, 2024 are considered as short-term capitals gains and will be taxed at your slab rate ^ No LTCG on sovereign gold bonds on maturity or premature redemption during RBI's 21-day window #Source: CA Suresh Surana $Source: Abhishek Kumar, SEBI RIA, Founder of SahajMoney.com)
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Listed equity shares or units of equity-oriented MFs, business trusts (REITs / InVITS)#
Holding period for classification as LTCG:
Existing rule: >12 months (36 months for units of business trust)
Proposed rule in Budget 2024: >12 months
Short-term capital gains tax
Existing tax rates: 15%
Proposed tax rates after Budget 2024: 20%
Long-term capital gains tax
Existing tax rates: 10% [on gains exceeding Rs. 1,00,000]
Proposed tax rates after Budget 2024: 12.50% [on gains exceeding Rs. 1,25,000]
Existing rule: >12 months (36 months for units of business trust)
Proposed rule in Budget 2024: >12 months
Short-term capital gains tax
Existing tax rates: 15%
Proposed tax rates after Budget 2024: 20%
Long-term capital gains tax
Existing tax rates: 10% [on gains exceeding Rs. 1,00,000]
Proposed tax rates after Budget 2024: 12.50% [on gains exceeding Rs. 1,25,000]
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Unlisted shares#
Holding period for classification as LTCG:
Existing rule: >24 months
Proposed rule in Budget 2024: >24 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: 10% without indexation (for non-residents), 20% with indexation (for residents)
Proposed tax rates after Budget 2024: 12.5% without indexation
Existing rule: >24 months
Proposed rule in Budget 2024: >24 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: 10% without indexation (for non-residents), 20% with indexation (for residents)
Proposed tax rates after Budget 2024: 12.5% without indexation
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Listed securities
(Other than units) or zero-coupon Bonds (including listed debentures / bonds*)#
Holding period for classification as LTCG:
Existing rule: >12 months
Proposed rule in Budget 2024: >12 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: Lower of 10% without indexation or 20% withindexation*
Proposed tax rates after Budget 2024: 12.5% without indexation
Holding period for classification as LTCG:
Existing rule: >12 months
Proposed rule in Budget 2024: >12 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: Lower of 10% without indexation or 20% withindexation*
Proposed tax rates after Budget 2024: 12.5% without indexation
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Unlisted debentures and bonds#
Holding period for classification as LTCG:
Existing rule: >36 months
Proposed rule in Budget 2024: >24 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Existing rule: >36 months
Proposed rule in Budget 2024: >24 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
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Market linked debentures and debt mutual funds#
Holding period for classification as LTCG:
Existing rule: >36 months
Proposed rule in Budget 2024: >24 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Existing rule: >36 months
Proposed rule in Budget 2024: >24 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
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Land, building#
Holding period for classification as LTCG:
Existing rule: >24 months
Proposed rule in Budget 2024: >24 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: 20% with indexation
Proposed tax rates after Budget 2024: 12.5% without indexation
Existing rule: >24 months
Proposed rule in Budget 2024: >24 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: 20% with indexation
Proposed tax rates after Budget 2024: 12.5% without indexation
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Physical gold$
Holding period for classification as LTCG:
Existing rule: 36 months
Proposed rule in Budget 2024: 24 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: 20% with indexation
Proposed tax rates after Budget 2024: 12.5% without indexation
Existing rule: 36 months
Proposed rule in Budget 2024: 24 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: 20% with indexation
Proposed tax rates after Budget 2024: 12.5% without indexation
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Gold ETF$
Holding period for classification as LTCG:
Existing rule: 36 months
Proposed rule in Budget 2024: >12 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: 12.5% without indexation
Existing rule: 36 months
Proposed rule in Budget 2024: >12 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: 12.5% without indexation
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Sovereign gold bond (SGB)$
Holding period for classification as LTCG:
Existing rule: 36 months
Proposed rule in Budget 2024: >12 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: 20% with indexation^
Proposed tax rates after Budget 2024: 12.5% without indexation ^
Existing rule: 36 months
Proposed rule in Budget 2024: >12 months
Short-term capital gains tax
Existing tax rates: Applicable rates
Proposed tax rates after Budget 2024: Applicable rates
Long-term capital gains tax
Existing tax rates: 20% with indexation^
Proposed tax rates after Budget 2024: 12.5% without indexation ^