Capital Gains Tax Rate 2024 South Africa In India. Major changes regarding taxation on capital gains were announced by finance minister nirmala sitharaman in union budget 2024. The union budget 2024 introduced significant modifications to the taxation of capital gains in india.
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. Union budget raises capital gains tax on equity funds, sips to be impacted.