{"id":7711,"date":"2024-11-09T17:00:03","date_gmt":"2024-11-09T11:30:03","guid":{"rendered":"https:\/\/aktassociates.com\/blog\/?p=7711"},"modified":"2024-09-09T16:11:55","modified_gmt":"2024-09-09T10:41:55","slug":"breaking-down-budget-2024-how-the-new-capital-gain-tax-changes-impact-you","status":"publish","type":"post","link":"https:\/\/aktassociates.com\/blog\/breaking-down-budget-2024-how-the-new-capital-gain-tax-changes-impact-you\/","title":{"rendered":"Breaking Down Budget 2024: How the New Capital Gain Tax Changes Impact You"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Budget 2024, unveiled by Finance Minister Nirmala Sitharaman, brought a wave of significant updates to the tax framework, especially around capital gains tax. These changes are designed to streamline the tax structure and boost investor confidence. Let&#8217;s delve into the key changes in capital gains tax introduced in Budget 2024 and explore their implications for residents, Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), Hindu Undivided Families (HUFs), and other stakeholders.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >In this article, we will discuss about...<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1e73be;color:#1e73be\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1e73be;color:#1e73be\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/aktassociates.com\/blog\/breaking-down-budget-2024-how-the-new-capital-gain-tax-changes-impact-you\/#Increased_Long-Term_Capital_Gains_LTCG_Limit\" title=\"Increased Long-Term Capital Gains (LTCG) Limit\">Increased Long-Term Capital Gains (LTCG) Limit<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/aktassociates.com\/blog\/breaking-down-budget-2024-how-the-new-capital-gain-tax-changes-impact-you\/#Implications_for_Various_Groups\" title=\"Implications for Various Groups\">Implications for Various Groups<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/aktassociates.com\/blog\/breaking-down-budget-2024-how-the-new-capital-gain-tax-changes-impact-you\/#Revised_LTCG_Tax_Rate\" title=\"Revised LTCG Tax Rate\">Revised LTCG Tax Rate<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/aktassociates.com\/blog\/breaking-down-budget-2024-how-the-new-capital-gain-tax-changes-impact-you\/#Changes_to_Capital_Gains_Tax_for_Real_Estate\" title=\"Changes to Capital Gains Tax for Real Estate\">Changes to Capital Gains Tax for Real Estate<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/aktassociates.com\/blog\/breaking-down-budget-2024-how-the-new-capital-gain-tax-changes-impact-you\/#What_Does_This_Mean_for_Property_Sellers\" title=\"What Does This Mean for Property Sellers?\">What Does This Mean for Property Sellers?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/aktassociates.com\/blog\/breaking-down-budget-2024-how-the-new-capital-gain-tax-changes-impact-you\/#Abolition_of_Angel_Tax\" title=\"Abolition of Angel Tax\">Abolition of Angel Tax<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/aktassociates.com\/blog\/breaking-down-budget-2024-how-the-new-capital-gain-tax-changes-impact-you\/#Why_This_Matters\" title=\"Why This Matters\">Why This Matters<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/aktassociates.com\/blog\/breaking-down-budget-2024-how-the-new-capital-gain-tax-changes-impact-you\/#No_TDS_on_Mutual_Fund_Withdrawals\" title=\"No TDS on Mutual Fund Withdrawals\">No TDS on Mutual Fund Withdrawals<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/aktassociates.com\/blog\/breaking-down-budget-2024-how-the-new-capital-gain-tax-changes-impact-you\/#Benefits_at_a_Glance\" title=\"Benefits at a Glance\">Benefits at a Glance<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/aktassociates.com\/blog\/breaking-down-budget-2024-how-the-new-capital-gain-tax-changes-impact-you\/#Effective_Date_of_Budget_Tax_Changes\" title=\"Effective Date of Budget Tax Changes\">Effective Date of Budget Tax Changes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/aktassociates.com\/blog\/breaking-down-budget-2024-how-the-new-capital-gain-tax-changes-impact-you\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Increased_Long-Term_Capital_Gains_LTCG_Limit\"><\/span><b>Increased Long-Term Capital Gains (LTCG) Limit<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">One of the most prominent changes is the increase in the Long-Term Capital Gains (LTCG) exemption threshold. Previously capped at Rs 1 lakh, this limit has now been raised to Rs 1.25 lakh. This means that investors can now enjoy a higher exemption before any tax is levied on their long-term gains. This move aims to alleviate the tax burden on long-term investors and encourage investment in equities and other assets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Imagine this: you&#8217;ve invested in stocks and held onto them for a few years. Under the old rules, you would have been taxed on gains exceeding Rs 1 lakh. With the new threshold, you get an additional Rs 25,000 exempted from taxes, providing more room to grow your investments tax-free.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7712\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/LTCG-1.png\" alt=\"\" width=\"700\" height=\"400\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/LTCG-1.png 1792w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/LTCG-1-300x171.png 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/LTCG-1-1024x585.png 1024w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/LTCG-1-768x439.png 768w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/LTCG-1-1536x878.png 1536w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Implications_for_Various_Groups\"><\/span><b>Implications for Various Groups<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Residents:<\/b><span style=\"font-weight: 400;\"> This increase is a welcome relief, encouraging more participation in the stock market and other long-term investments.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>NRIs and OCIs:<\/b><span style=\"font-weight: 400;\"> These groups, often dealing with substantial investments, will benefit from the higher exemption limit, making Indian markets more attractive.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>HUFs:<\/b><span style=\"font-weight: 400;\"> Hindu Undivided Families, which typically have long-term investment strategies, will find this change beneficial in optimizing their tax planning.<\/span><\/li>\n<\/ul>\n<p><b>Consult CA Arun Tiwari for more information at \ud83d\udcde 8080088288 or <\/b><a href=\"mailto:cs@aktassociates.com\"><b>cs@aktassociates.com<\/b><\/a><\/p>\n<p><a href=\"https:\/\/pages.razorpay.com\/akt-nri-tax-consulting\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4866 size-full\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/05\/C.png-5465.png\" alt=\"\" width=\"700\" height=\"150\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/05\/C.png-5465.png 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/05\/C.png-5465-300x64.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Revised_LTCG_Tax_Rate\"><\/span><b>Revised LTCG Tax Rate<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Alongside the increased exemption limit, the LTCG tax rate has been revised from 10% to 12.5%. This means that any capital gains exceeding the new threshold of Rs 1.25 lakh will now be taxed at 12.5%. This adjustment reflects the government&#8217;s strategy to balance taxation while promoting long-term investments in financial markets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the rate hike might seem like a drawback at first glance, it&#8217;s essential to view it in conjunction with the increased exemption limit. The combined effect of these changes could still result in a favorable outcome for many investors, especially those with moderate gains.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Changes_to_Capital_Gains_Tax_for_Real_Estate\"><\/span><b>Changes to Capital Gains Tax for Real Estate<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A notable change for property and real estate investors is the elimination of the indexation benefit for LTCG. Previously, the LTCG tax on real estate stood at 20% with indexation benefits, which adjusted the purchase price for inflation, thereby reducing the taxable gain. Now, the LTCG rate is reduced to 12.5%, but without the indexation benefit.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7713\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/21.jpg\" alt=\"\" width=\"700\" height=\"466\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/21.jpg 1000w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/21-300x200.jpg 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/21-768x511.jpg 768w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Does_This_Mean_for_Property_Sellers\"><\/span><b>What Does This Mean for Property Sellers?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Higher Taxable Gains:<\/b><span style=\"font-weight: 400;\"> Without indexation, the actual gain subject to tax will be higher, potentially increasing the tax liability despite the reduced rate.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Strategic Planning Needed:<\/b><span style=\"font-weight: 400;\"> Property sellers will need to re-evaluate their investment strategies and possibly seek professional tax advice to mitigate the impact of these changes.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Abolition_of_Angel_Tax\"><\/span><b>Abolition of Angel Tax<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A landmark change in Budget 2024 is the complete abolition of the Angel Tax for all taxpayer categories. This tax was previously levied on investments in startups and unlisted companies, often hindering their funding efforts. Its removal is anticipated to streamline the funding process, making it easier for startups to secure investments without additional tax burdens.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7714\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/Designer-2024-07-26T162331.998.jpeg\" alt=\"\" width=\"700\" height=\"400\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/Designer-2024-07-26T162331.998.jpeg 1792w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/Designer-2024-07-26T162331.998-300x171.jpeg 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/Designer-2024-07-26T162331.998-1024x585.jpeg 1024w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/Designer-2024-07-26T162331.998-768x439.jpeg 768w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/Designer-2024-07-26T162331.998-1536x878.jpeg 1536w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_This_Matters\"><\/span><b>Why This Matters<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Boost for Startups:<\/b><span style=\"font-weight: 400;\"> The abolition of Angel Tax removes a significant hurdle, fostering a more conducive environment for startups to attract funding and grow.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Investor Confidence:<\/b><span style=\"font-weight: 400;\"> Investors, now free from this additional tax, are likely to show more interest in funding new ventures, further stimulating the startup ecosystem.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"No_TDS_on_Mutual_Fund_Withdrawals\"><\/span><b>No TDS on Mutual Fund Withdrawals<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Mutual fund investors received significant relief with the elimination of Tax Deducted at Source (TDS) on mutual fund withdrawals. Previously, a TDS of 20% applied to repurchases by mutual funds or the sale of units. This change aims to enhance liquidity for investors and simplify the tax process for mutual fund transactions.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Benefits_at_a_Glance\"><\/span><b>Benefits at a Glance<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Increased Liquidity:<\/b><span style=\"font-weight: 400;\"> Investors can withdraw their funds without worrying about immediate TDS deductions, improving cash flow management.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Simplified Tax Process:<\/b><span style=\"font-weight: 400;\"> The removal of TDS makes the tax process more straightforward, allowing investors to focus on their investment strategies without additional administrative burdens.<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7716 size-medium\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/3410906_507222-PHYNU8-453-e1721992217449-300x274.jpg\" alt=\"\" width=\"300\" height=\"274\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/3410906_507222-PHYNU8-453-e1721992217449-300x274.jpg 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/3410906_507222-PHYNU8-453-e1721992217449-1024x935.jpg 1024w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/3410906_507222-PHYNU8-453-e1721992217449-768x701.jpg 768w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/3410906_507222-PHYNU8-453-e1721992217449-1536x1402.jpg 1536w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/3410906_507222-PHYNU8-453-e1721992217449.jpg 2000w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Effective_Date_of_Budget_Tax_Changes\"><\/span><b>Effective Date of Budget Tax Changes<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The tax changes announced in the Union Budget typically take effect from the start of the new financial year, which is April 1st. Therefore, the new tax rates, revised deductions, and other changes will apply to income earned from April 1st of the current year to March 31st of the following year. Specifically, the changes from Budget 2024 will be applicable for the financial year 2024-25, and individuals will see these changes when filing their income tax returns for the assessment year 2025-26. For capital gains, the new rules will be effective from the date of the Budget 2024 announcement, i.e., July 23, 2024.<\/span><\/p>\n<h2><a href=\"https:\/\/aktassociates.com\/business-compliance\/salaried-section\/tax-compliance\/salary-it-return\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6005 size-full\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/08\/File-your-Income-Tax-Return-ITR.png\" alt=\"\" width=\"700\" height=\"150\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/08\/File-your-Income-Tax-Return-ITR.png 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/08\/File-your-Income-Tax-Return-ITR-300x64.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><b>Conclusion<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The Budget 2024 reforms regarding capital gains aim to simplify the tax regime, reduce the tax burden on investors, and encourage long-term investments. These measures are expected to boost investor confidence, enhance market liquidity, and support the growth of startups and the renewable energy sector. As these changes take effect from the new financial year, investors and businesses should adjust their tax planning strategies accordingly.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Budget 2024, unveiled by Finance Minister Nirmala Sitharaman, brought a wave of significant updates to the tax framework, especially &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Breaking Down Budget 2024: How the New Capital Gain Tax Changes Impact You\" class=\"read-more button\" href=\"https:\/\/aktassociates.com\/blog\/breaking-down-budget-2024-how-the-new-capital-gain-tax-changes-impact-you\/#more-7711\">Read more<span class=\"screen-reader-text\">Breaking Down Budget 2024: How the New Capital Gain Tax Changes Impact You<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":7719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[1518,1516,1519,1517],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Breaking Down Budget 2024: How the New Capital Gain Tax Changes Impact You<\/title>\n<meta name=\"description\" content=\"Discover the pivotal changes in capital gain tax introduced in Budget 2024, including increased LTCG limits, revised rates, abolition of Angel Tax, and more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aktassociates.com\/blog\/breaking-down-budget-2024-how-the-new-capital-gain-tax-changes-impact-you\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Breaking Down Budget 2024: How the New Capital Gain Tax Changes Impact You\" \/>\n<meta property=\"og:description\" content=\"Budget 2024, presented by Finance Minister Nirmala Sitharaman, introduced significant updates to the capital gains tax framework, aimed at simplifying the tax structure and boosting investor confidence. Key changes include increasing the LTCG exemption threshold to Rs 1.25 lakh, revising the LTCG tax rate to 12.5%, eliminating the indexation benefit for real estate, and abolishing the Angel Tax. These reforms are designed to benefit residents, NRIs, OCIs, HUFs, and other stakeholders, encouraging long-term investments and supporting startup growth.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/aktassociates.com\/blog\/breaking-down-budget-2024-how-the-new-capital-gain-tax-changes-impact-you\/\" \/>\n<meta property=\"og:site_name\" content=\"AKT Associates\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-09T11:30:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-09T10:41:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/07\/Breaking-Down-Budget-2024.png\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"CA Arun Tiwari\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Breaking Down Budget 2024: How the New Capital Gain Tax Changes Impact You\" \/>\n<meta name=\"twitter:description\" content=\"Budget 2024, presented by Finance Minister Nirmala Sitharaman, introduced significant updates to the capital gains tax framework, aimed at simplifying the tax structure and boosting investor confidence. Key changes include increasing the LTCG exemption threshold to Rs 1.25 lakh, revising the LTCG tax rate to 12.5%, eliminating the indexation benefit for real estate, and abolishing the Angel Tax. 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