Finance Minister Nirmala Sitharaman announced key changes to capital gains taxation in her seventh Budget.
The Long Term Capital Gains (LTCG) tax will rise from 10% to 12.5%, and the Short Term Capital Gains (STCG) tax on certain assets will increase from 15% to 20%.
"Short term gains on certain financial assets shall henceforth attract a tax rate of 20%, while that on all other financial assets and all non-financial assets shall continue to attract the applicable tax rate," Nirmala Sitharaman said.
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