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In response to a recent report, the Finance Ministry has categorically denied any plans to increase the short-term capital gains (STCG) tax. The ministry labeled the report as "incorrect, unduly speculative, misleading, and factually incorrect in its entirety." The report suggested that the governm
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FAQ :
No, the Finance Ministry has categorically denied any plans to increase the short-term capital gains (STCG) tax.
A recent report suggested that the government might consider raising the STCG tax rate in the coming years, with a senior official quoted as saying it could be higher than the current 20 percent.
The Finance Ministry has labelled the report as 'incorrect, unduly speculative, misleading, and factually incorrect in its entirety'.
The STCG tax rate on specified financial assets was increased to 20 percent from 15 percent in Budget 2024-25.
A short-term capital gain arises when a capital asset held for less than a year is transferred.
Yes, the tax-free limit for long-term capital gains on equity-related investments has been raised from Rs 1 lakh to Rs 1.25 lakh, effective from FY 2024-25.
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