Union Budget 2024: Finance Minister Nirmala Sitharaman Justifies 12.5% Tax on Long-Term Capital Gains (Watch Video)
Finance Minister Nirmala Sitharaman defended the new 12.5% tax on long-term capital gains announced in the Budget 2024, stating it simplifies taxation and encourages market investment. Watch the video for details.
During the presentation of Union Budget 2024, Finance Minister Nirmala Sitharaman addressed the new 12.5% tax rate on long-term capital gains, highlighting its role in simplifying the tax system and encouraging investment. Sitharaman explained that the government aimed to streamline capital gains taxation. She noted that the new rate of 12.5% represents a reduction from the previous average tax burden across various asset classes, which she argued would stimulate market investments. Union Budget 2024: INR 1.48 Lakh Crore for Education, Employment and Skilling of Youth.
FM Nirmala Sitharaman Justifies 12.5% Tax on Long-Term Capital Gains
#WATCH | #UnionBudget2024 | On 12.5% tax on long-term capital gains, Union Finance Minister Nirmala Sitharaman says, "...We wanted to simplify the approach to taxation - also for the capital gains. Second, if anything, the average taxation has actually come down when we say it is… pic.twitter.com/g5OpF5d8iF
— ANI (@ANI) July 23, 2024
(The above story first appeared on LatestLY on Jul 23, 2024 04:09 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
