Long-term vs short-term capital gains & tax rates

In plain language

[DRAFT — verify rates in review.] Whether a gain is long-term or short-term depends on how long you held the asset before transfer:

• Long-term: generally taxed at 12.5% (plus surcharge and cess) for transfers on or after 23 July 2024, for most assets.
• Short-term: generally added to your income and taxed at slab rates (listed equity/equity funds have their own special rate).

Holding-period thresholds differ by asset (e.g. listed securities vs immovable property vs unlisted shares).

Reviewer: insert the exact holding periods and rate table from Chapter XIII before publishing.