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<h1>Tax on Long Term Capital Gains: revised rates apply, resident slab adjustment retained and concessional rates for certain transfers.</h1> Tax on long-term capital gains applies differentiated rates by assessee type and transfer date: general rate 20% before 23 July 2024 and 12.5% thereafter; resident individuals/HUFs may adjust unexhausted basic exemption to apply slab benefit against long-term gains, with transitional caps for land or building acquired before 23 July 2024. Special concessional treatment exists for listed securities, zero-coupon bonds and specified mutual fund units (lower of indexed rate or concessional non-indexed rate), and certain unlisted securities/shares for non-residents receive concessionary computation rules. Long-term capital gains are computed separately and Chapter VI-A deductions do not apply.