Tax Rate for Assessment Year 2025-26 and Financial Year 2024-25
Indexation benefit on sale of property removed; new LTCG rate of 12.5% announced for capital gains on sale of property.
Impact on Capital market
Capital Gain- STCG rate increased from 15% to 20%
Exemption in LTCG increased to 1.25 Lakhs per year
LTCG on financial & non-financial assets increased from 10% to 12.5%
Security transactions tax increase on Future & Options
Tax in hands of companies for buyback of shares
Angel tax is abolished for startup companies