https://www.taxtmi.com/article/detailed?id=12814 Increase in capital gains taxation and restructuring of personal income tax rates form the central fiscal changes, with short term and long term capital gains rates raised and the long term basic exemption threshold enlarged. The salaried taxpayer relief is modified by an increased standard deduction and a reconfigured slab structure. Transactional and compliance changes withdraw TDS on specified mutual fund repurchases, raise the Securities Transaction Tax on futures and options, shorten reopening of assessments and reintroduce block assessments after search and seizure, while abolishing the angle tax. en-us Wed, 24 Jul 2024 10:44:07 +0530 Wed, 24 Jul 2024 10:44:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12814 Increase in capital gains taxation and restructuring of personal income tax rates form the central fiscal changes, with short term and long term capital gains rates raised and the long term basic exemption threshold enlarged. The salaried taxpayer relief is modified by an increased standard deduction and a reconfigured slab structure. Transactional and compliance changes withdraw TDS on specified mutual fund repurchases, raise the Securities Transaction Tax on futures and options, shorten reopening of assessments and reintroduce block assessments after search and seizure, while abolishing the angle tax. Articles Budget - Tax Proposals Wed, 24 Jul 2024 10:44:07 +0530 https://www.taxtmi.com/article/detailed?id=12814