All Doubts Cleared: Govt Issues FAQs On Capital Gains Tax Rules Announced In Budget 2024
The Union Budget 2024 has proposed simplifying the holding periods for capital gains by introducing only two durations: 12 months and 24 months, to determine short-term and long-term capital gains, respectively. Additionally, the tax rates have been streamlined and made uniform for most assets. The indexation benefit has been removed in Budget 2024, while the…