Capital gain tax: The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman, has introduced significant modifications to the capital gains tax structure, presenting a mix of challenges and advantages for investors.
FM Sitharaman's announcement included adjustments in the holding period and Long-Term Capital Gains (LTCG) tax rate, with the Short-Term Capital Gains (STCG) tax rate remaining constant for overseas Fund of Funds (FoFs), including international funds, gold mutual funds, and equity FoFs.
