Long-term capital gains tax increased for transfers on or after the legislative change, replacing the earlier lower rate. The amendment substitutes clause (ii) to provide that the income-tax on long-term capital gains included in total income is charged at one rate for transfers before 23rd July, 2024 and at a different rate for transfers on or after 23rd July, 2024; the substitution is deemed effective from 23rd July, 2024.