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Capital Gains Tax in India: An Explainer

2024-07-25
On July 23, 2024, India’s Minister of Finance Nirmala Sitharaman presented the country’s Union Budget for FY 2024-25 in parliament, announcing significant changes to the capital gains tax. According to India’s Income-tax Act, 1961, capital gains tax is imposed on the profit an investor earns from the sale of investments, such as stock shares. The latest changes introduced by the central government will impact financial investors due to changes to the tax rates, holding periods, and relevant reporting and compliance requirements.
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