New Income Tax Bill 2025 to change tax rates on LTCG? I-T dept said this
If an entity has been kept for more than a year, profit is considered to be a long -term capital gain and taxed.
The Income Tax Department said that the new IT invoice did not try to change any tax rate. The new income tax invoice, 2025, long -term capital earnings (LTCG) suggested to change tax rates, the IT department, “IT (invoice) does not try to change any tax rate,” he said.
In this respect, any uncertainty will be handled in accordance with the bill during the passing of the bill, he added. “The 2025 income tax invoice was clarified that the reserve/old provisions aimed to simplify and abolish language.” On July 21st, the committee presented its advice to the Parliament.
Ltgc vs stgc
If a person sells an entity after holding a year or less for a year, the profit on it is considered as a short -term capital gain and in most cases it is taxed according to normal income tax signs. If an entity has been kept for more than a year, profit is considered to be a long -term capital gain and taxed.
The new income tax invoice has news articles on various media platforms where 2025 proposes to change tax rates in LTCG for certain taxpayers categories.
It was clarified that the income tax invoice aims to simplify and abolish 2025.
– Income Tax India (@incometaxindia) 29 July 2025
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What is the capital earning tax?
It refers to the tax that applies to the profit given by selling an asset. These assets can be stocks, bonds or real estates. The tax amount is based on the time it holds the presence before sale.
(With inputs from PTI)
