Long Term Capital Gains Tax 2024 Forecasting. Budget 2024 has proposed to remove the benefit of indexation on the transfer of any capital asset on or after 23 rd july 2024. The union budget 2024 has proposed simplifying the holding periods for capital gains by introducing only two durations:

Long term capital gains (ltcg) tax will be hiked from 10 to 12.5% while short term capital gains (stcg) tax on some assets will be increased from 15% to. How much you owe depends on your annual taxable income.