“Our intention is to make it simple, and reasonable,” Malhotra told ANI, reacting to the announcements.
As part of the Union Budget, Finance Minister Nirmala Sitharaman announced that short-term gains on certain financial assets attract a tax rate of 20 per cent, while that on all other financial assets and all non-financial assets shall continue to attract the applicable tax rate.
The Finance Minister proposed that the long-term gains on all financial and non-financial assets will attract a tax rate of 12.5 per cent. For the benefit of the lower and middle-income classes, she proposed to increase the limit on the exemption of capital gains on certain financial assets from Rs 1 lakh to Rs 1.25 lakh per year.
Bu hikaye The Business Guardian dergisinin July 25, 2024 sayısından alınmıştır.
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Bu hikaye The Business Guardian dergisinin July 25, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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