Question 1 · 10 marks · 35 words written
Opening
Budget 24-25 demarcated imp. tax reforms with respect to LTCG, STCG and STT
Body
- LTCG Changes
- uniformity @ 12.5% p.a.
- For Gold, it was reduced to 12.5%
- For financial assets, ↑sed from 10% to 12.5% + Indexing removed
- STT changes
- Rationale behind
- Improving tax to GDP ratio (stuck in 11.6%)
- Progressivity in tax
Impact on Savings & Invst.
(1) Financial Investors are now slightly worse-off : may disincentivize stock trade. (2) → [Savings] may rise
Close
None written.