https://www.taxtmi.com/news?id=27707 The Finance (No.2) Bill, 2024 simplifies capital gains taxation by creating two holding period categories-listed securities long term after one year and other assets after two years-while immovable property and unlisted shares retain the two year rule. It removes indexation for long term gains and adopts a uniform concessional long term rate for most assets, revises rates for STT paid assets, increases the exemption threshold for certain long term gains, ensures parity between residents and non residents, and preserves existing rollover and reinvestment reliefs subject to current conditions. en-us Thu, 25 Jul 2024 09:46:10 +0530 Thu, 25 Jul 2024 09:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27707 The Finance (No.2) Bill, 2024 simplifies capital gains taxation by creating two holding period categories-listed securities long term after one year and other assets after two years-while immovable property and unlisted shares retain the two year rule. It removes indexation for long term gains and adopts a uniform concessional long term rate for most assets, revises rates for STT paid assets, increases the exemption threshold for certain long term gains, ensures parity between residents and non residents, and preserves existing rollover and reinvestment reliefs subject to current conditions. News - Thu, 25 Jul 2024 09:46:10 +0530 https://www.taxtmi.com/news?id=27707