How India taxes short-term and long-term capital gains, the holding period by asset class, the 12.5% long-term rate and the section 112A threshold, and the indexation change of July 2024.
Primary source: Income tax slabs and rates (Income Tax Department).
This explainer sets out india capital gains tax as published by the Income Tax Department, with the figures preserved under the tax year they apply to. It is written against the primary source rather than summarised from memory, and every material figure links back to the Income Tax Department publication that carries it.
The rules described here apply to India. Where a rate or threshold has changed, the effective date is stated so the earlier figure can be read alongside the rule that replaced it.