7  Facts About Capital Gains Tax in 2024 

What Exactly Is Capital Gains Tax? Capital gains tax is applied to profits made from selling capital assets like real estate, stocks, and bond

[{"selector":"#anim-fd2b4b1d-2ef7-490e-aa94-803714b6a3f6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fa518062-2280-42f0-8fa4-47499dc1bb83","keyframes":{"transform":["translate3d(0px, 180.13887%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Two Types of Capital Gain Short-Term Capital Gains (STCG) apply to assets held for a short period, while Long-Term Capital Gains (LTCG) apply to assets held for longer Two Types of Capital Gain Short-Term Capital Gains (STCG) apply to assets held for a short period, while Long-Term Capital Gains (LTCG) apply to assets held for longer

[{"selector":"#anim-ae3e357e-df7c-4398-a33b-e3f9c89ac2b0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-01c2e123-e9e9-4760-98c1-521e48e55c5c","keyframes":{"transform":["translate3d(115.66265%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Surprising New Holding Period for Real Estate The 2024 budget reduced the holding period for real estate from 36 to 24 months to qualify for long-term capital gain Surprising New Holding Period for Real Estate The 2024 budget reduced the holding period for real estate from 36 to 24 months to qualify for long-term capital gain

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[{"selector":"#anim-41fb588f-1c89-43e7-8bde-2bc88d910910","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-309be60d-1c3d-42d2-a967-9470fc143748","keyframes":{"transform":["translate3d(-105.06667%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Rural vs. Urban Exemptions under Section 54G and 54GA encourage shifting industrial undertakings from urban areas to rural or Special Economic Zones (SEZs). Rural vs. Urban Exemptions under Section 54G and 54GA encourage shifting industrial undertakings from urban areas to rural or Special Economic Zones (SEZs).

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