India leads global IPOs, raising $4.3 bn in Q3 2024: Tax impact decoded

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India leads global IPOs, raising $4.3 bn in Q3 2024: Tax impact decoded - Business Standard

Quick Summary:

Tax implications on IPO gains depend on holding periods, with short-term gains taxed at 20% and long-term gains exceeding Rs 1.25 lakh taxed at 12.5%.

In addition to this, the indexation benefit, which was earlier available on long-term capital gains has been removed wef 23rd July 2024, after Budget 2024.

Long-Term Capital Gains (LTCG): If the shares are held for more than one year, any capital gains up to Rs 1.25 lakh are tax-free.