Understanding Union Budget 2024: Investments are Expensive | ISH News

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Investing has become more expensive for Indians. New tax changes have affected short-term and long-term capital gains, as well as the Securities Transaction Tax (STT).
Short-term Capital Gains Tax Increase
Short-term capital gains are profits from selling personal or investment properties held for one year or less. The tax on these gains has increased from 15% to 20%. However, the exemption limit remains the same at ₹1.25 lakh per year.
Long-term Capital Gains Tax Increase
Long-term capital gains are profits from selling shares or mutual funds held for more than one year. The tax on these gains has gone up from 10% to 12.5%. The exemption limit has also increased from ₹1 lakh to ₹1.25 lakh per year.
Securities Transaction Tax (STT) Increase
STT is a tax on the purchase and sale of stocks, bonds, and investment contracts listed on Indian stock exchanges. The STT rate has doubled from 0.01% to 0.02%.
Impact on the Stock Market
These tax changes caused more than 2,900 stocks to fall. Indian stock market benchmarks, the Sensex and the Nifty 50, plunged by almost 5% each on 23rd July 2024.
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[@hariharans9577]

Nice explanations.. Thanks ISH for giving clear understanding ❤

[@ManishKumar-ix7cg]

Thanks for informing me about the details.

[@AnjaliGuptaSketchartdf]

Ok I understand

[@ganeshsonune5150]

I respect government 3 point great..

[@shajuy2304]

Mad bjp

[@msladly4139]

Ok, thanks you for lSL friends all' to l, understand

[@avinashgodbole1184]

Land ,F.D, Gold,Mutual fund, is Good, Share is Risk in Cautions

[@BishnuPrasad-ol2fz]

I not agree tax unhappy

[@Gorekhnathswain2023]

I not agree tax

[@kagarwal8893]

I hate tax