Short Term Capital Gains Tax Rate 2024 . The taxation of capital gains has been rationalised. Here's a breakdown of how capital gains are taxed for 2024.
The union budget 2024 introduced a hike in the tax rate for short term capital gains (stcg) from equity investments, raising it from 15% to 20%. You can invest up to another $7,000 in 2024, and your contributions can grow over time without any tax on capital gains, dividends, or interest.
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