Capital Gains Tax 2024 25. Capital gain is an income tax levied on the sale of assets such as real estate properties (house), financial investments made through banks like fixed deposits (fds) or recurring. The recent budget has proposed big changes in the indian mutual fund tax rules (2024).

When you sell a capital asset for a higher price than its original value, the money you make on that sale is called a capital gain. On the other hand, when you sell.