Short Term Capital Gains Tax 2024 India
Short Term Capital Gains Tax 2024 India. According to the union budget 2024, the “short term capital gains tax” on specified financial assets has increased from 15% to 20%. Short term capital gains tax, also known as stcg tax, or stcgt is a tax levied on the profits earned from the sale of certain assets held for less than 12 months.
This change highlights the importance of. Increased stcg and ltcg rates.