<h1>Union Budget 2024-25: Simplified Capital Gains Tax with New Rates and Holding Periods for Listed Securities and Other Assets.</h1> The new capital gains tax regime proposed in the Union Budget 2024-25 introduces several changes aimed at simplifying taxation. The holding periods have been reduced to two categories: one year for listed securities and two years for other assets. Tax rates have been standardized, with short-term listed equity assets taxed at 20% and long-term at 12.5%, while removing indexation. The exemption limit for long-term capital gains has increased to 1.25 lakh INR. Roll over benefits remain unchanged, allowing investments in specified assets to defer capital gains tax. These changes intend to streamline compliance and reduce complexities in tax calculations.