Budget 2024: Tax Rates On Both Short And Long Term Capital Gains Raised With Immediate Effect
Wednesday, 24 July 2024 () Sitharaman announced that short-term capital gains on "specified" financial assets will henceforth attract a tax rate of 20 per cent instead of 15 per cent. While all other financial assets and non-financial assets shall continue to attract the "applicable tax rate".
On July 23, Finance Minister Nirmala Sitharaman announced significant revisions to personal income tax rates under the new tax regime during the presentation of the Annual Budget 2024 in Lok Sabha. The new tax slabs are designed to provide relief to taxpayers and simplify the tax structure: no tax...
Finance Minister Nirmala Sitharaman revised tax slabs in the new regime, expanding the first taxable bracket from ₹3-6 lakh to ₹3-7 lakh, while maintaining the 5% tax rate. Standard deductions were..
National Debt Set to , Top $56 Trillion, in the Next Decade.
'The New York Times' reports that the
United States is on track to add trillions of
dollars to the national debt in the next ten..
Credit: Wibbitz Top Stories Duration: 01:31Published
Wednesday, 24 July 2024 ()
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