1 / 6

Proposed changes in LTCG, STCG and STT explained

In 2024 Union Budget, Finance Minister proposed changes in the capital gains taxation regime. Long term gains on all financial and non-financial assets will attract a tax rate 12.5%. The proposed changes will attract higher tax for equity investor, meaning the rate has been increased by 2.5% for listed equity from 10% currently. The rates however has been reduced by 7.5% for other assets such as house property, unlisted equity shares etc. Thing to note is that the indexation benefit has also been removed on all the assets having long-term capital gains. The ministry later clarified that proper

moneysukh
Download Presentation

Proposed changes in LTCG, STCG and STT explained

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Proposed changes in LTCG, STCG and STT explained In 2024 Union Budget, Finance Minister proposed changes in the capital gains taxation regime. Long term gains on all financial and non-financial assets will attract a tax rate 12.5%. The proposed changes will attract higher tax for equity investor, meaning the rate has been increased by 2.5% for listed equity from 10% currently. The rates however has been reduced by 7.5% for other assets such as house property, unlisted equity shares etc. Thing to note is that the indexation benefit has also been removed on all the assets having long-term capital gains. Read More www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs

  2. Indexation It is used to connect prices and asset values by linking adjustments made to the value of a underlying to a predetermined price or composite index. This initiative is supposed to have no impact from first time buyers who consider buying a house for a living and not for investment. Read More www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs

  3. Short term gains On listed equity shall attract a tax rate of 20% from 15% currently, while that on all other financial assets and all non-financial assets shall continue to attract the applicable tax rate. The minister also raised the securities transaction tax (STT) in the futures and options (F&O) segment. The STT rates on sale of options have been raised from 0.0625% to 0.1% of the option premium, and on sale of futures from 0.0125% to 0.02% of the price at which such futures are traded. Read More www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs

  4. Example on how it ups the cost •A trader sells Nifty futures, say, at 24,400. As Nifty’s lot size is 25, the value of the contract will be ₹6, 10, 000 (24,400 multiplied by 25). •STT is calculated on this value. Henceforth, For trading in futures, traders have to pay ₹122 (₹6, 10, 000 multiplied 0.02 per cent) as STT compared to the earlier ₹76.25 (₹6, 10, 000 multiplied by 0.0125 per cent). •For options traders, trader selling a 24500-strike call option at a premium of ₹200. Here, the premium received will be ₹5,000 (₹200 multiplied by lot size of 25). •The new STT charge will be ₹5 (₹5,000 multiplied by 0.1 per cent) whereas earlier it was ₹3.1 (₹5,000 multiplied by 0.0625 per cent. Read More www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs

  5. Thank You Contact us: 96382-37000 Mansukh Securities and Finance Limited: SEBI Registration Number-INZ000164537 ( Members- NSE,BSE,MCX, ),IN-DP-72-2015 ( DP-NSDL, CDSL ) Mansukh Stock Brokers Limited : SEBI Registration Number- INZ000164937 ( Members -BSE ), IN-DP-36-2015 Mansukh Commodity Futures Private Limited : SEBI Registration Number-INZ000063032 ( Members- NCDEX ) Mansukh IFSC Broking Private Limited : SEBI Registration Number- INZ000099432 (Members- NSE IFSC, INDIA INX)Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances Investments in securities market are subject to market risks; read all the related documents carefully before investing. www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION

  6. Related Resources • What Is Short Covering In Stock Market & How To Identify Rally? • Importance Of Volume In Technical Analysis: Use & Role In Trading • What Is Short Selling & How Does It Work: Is It Good Or Bad? • Trading or Investing Which is Better and More Profitable? • Best Algo Trading Platform and Trading Strategies • Best Intraday Algo Strategy • USD INR Options Trading Strategies • How to Read, Analyse & Use Candlestick Chart STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs

More Related