Union Budget 2024: Major changes in Capital Gains Tax Regime. Holding period, tax rates explained  

Union Budget 2024: Major changes in Capital Gains Tax Regime. Holding period, tax rates explained  

BUDGET 2024: In a shock to stock market investors, Finance Minister Nirmala Sitharaman on Tuesday announced an increase in both long-term and short-term capital gains tax. FM Sitharaman said that going forward, short-term capital gains on specific financial assets will be subject to a tax rate of 20%, a 5% increase from the previous rate of … Read more

Finance Ministry notifies final Cost Inflation Index for FY25 at 363: Key Updates for AY 2025-26

Finance Ministry notifies final Cost Inflation Index for FY25 at 363: Key Updates for AY 2025-26

The Ministry of Finance has notified the final Cost Inflation Index (CII) for FY25 (Assessment Year 2025-26) at 363.   The ministry through the Central Board of Direct Taxes (CBDT), issued Notification No. 44/2024-Income-Tax on May 24, 2024, detailing the Cost Inflation Index (CII) for the financial year 2024-25 i.e. Assessment Year 2025-26.   The notification … Read more