New Capital Gains Tax 2024 For Corporations. In case of long term capital gains a uniform rate of 12.5% is proposed in all category of assets. Simplifying the tax regime for corporate industries, union finance nirmala sitharaman on tuesday, proposed new tax structures for charities, foreign shipping companies, rationalisation of.
The new provisions for taxation of capital gains come into force from 23.7.2024 and shall apply to any transfer made on or after 23.7.2024. The budget proposes to increase the capital gains inclusion rate from 1/2 to:
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