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STCG / LTCG new rules applicability

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Proloy Samaradivakera

Proloy Samaradivakera (Querist)
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26 August 2024 In the recent July 2024 Budget the rules for STCG / LTCG taxation has been changed. It says new rules are effective 23-July- 2024. What does this effective date signify? Does it mean that if I have sold stocks and Equity or Debt Mutual Funds between say 1st Apr 24 and 14July 24, the rules for the tax calculation will be same as it was for FY2023-24? That is e.g I can use indexation benefits for Debt MF bought before 1st Apr 2023 for tax calculation/

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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26 August 2024 It says the earlier rule applicable for the units sold on or before 22.07.2024.

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