November 22, 2024 22:26 (IST)
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Union Budget: Long-term capital gains on financial, non-financial assets will attract a tax rate of 12.5 per cent

Union Budget: Long-term capital gains on financial, non-financial assets will attract a tax rate of 12.5 per cent

Union Finance Minister Nirmala Sitharaman proposed that the long-term gains on all financial and non-financial assets will attract a tax rate of 12.5 per cent.

FM Jaitley proposes rationalisation of long term capital gains in latest Budget

FM Jaitley proposes rationalisation of long term capital gains in latest Budget

New Delhi, Feb 1 (IBNS): Union Finance and Corporate Affairs Minister, Arun Jaitley, in his Union Budget,  proposed to tax long term capital gains exceeding rupees one lakh at the rate of 10 per cent without allowing the benefit of any indexation.