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📅 Updated for FY 2024–25 · Budget 2024 ratesFrequently Asked Questions
What is the new LTCG tax rate in India (FY 2024–25 onwards)?
12.5% on long-term capital gains (>12 months for listed equity) above ₹1.25 lakh per financial year. Earlier rate was 10% above ₹1 lakh.
What is the STCG rate on listed shares and equity mutual funds?
20% (increased from 15% in Budget 2024). Applies when listed equity or equity mutual funds are sold within 12 months.
What qualifies as long-term and short-term for different assets?
Listed equity/equity MF: over 12 months = long-term. Debt MF (post Apr 2023): no LTCG benefit. Real estate: over 24 months. Gold: over 36 months.
How is LTCG calculated for equity?
LTCG = Sale Price − Cost of Acquisition (or fair market value as of 31 Jan 2018, whichever higher). Tax = (LTCG − ₹1,25,000) × 12.5%.
Are LTCG losses allowed to be set off?
Yes. Long-term losses set off against long-term gains only. Short-term losses set off against both. Unused losses carry forward 8 years.
How can I reduce my LTCG tax legally?
Use ₹1.25 lakh annual exemption, tax harvest every year, invest under Section 54F/54EC bonds, or offset with capital losses.
How is LTCG taxed on debt mutual funds after April 2023?
All gains taxed at your slab rate — no indexation, no LTCG rate. This made debt funds less attractive.
Is LTCG applicable to NRIs?
Yes at the same rates. TDS is deducted at source. NRIs can claim DTAA benefits under India’s tax treaties.
How does 31 January 2018 grandfathering work?
For listed shares/MFs bought before 31 Jan 2018: take higher of actual cost OR fair market value on 31 Jan 2018 as cost of acquisition.
Where do I report LTCG/STCG in ITR?
STCG: Schedule CG of ITR-2 or ITR-3. LTCG (equity): Schedule 112A. LTCG (others): Schedule CG Section B.