Next: Structures and succession
Nominee vs heir: who actually gets your money
Naming a nominee does not decide who inherits — succession law does. Bank, demat, mutual fund, insurance, EPF and PPF each follow a different rulebook.
19 min
advancedelevated risk
Capital gains, after the 2024 rewrite
Two holding-period clocks, one long-term rate for almost everything, and a dividing line dated 23 July 2024. What decides the tax when you sell an asset.
3 lessons · about 24 minutes · written for reading age 13 · last checked 2026-08-13
Two clocks, and nothing else decides it
Whether a gain is short-term or long-term now comes down to two holding periods: twelve months and twenty-four. Which one applies depends on one question.
8 min
One rate, and the ₹1.25 lakh in front of it
One long-term rate now covers almost every asset class. Short-term listed equity has a rate of its own, and an exemption sits in front of the whole thing.
8 min
The line dated 23 July 2024
Indexation is gone, and the rules that applied to your sale depend on which side of one date it happened. How to work out which set you are reading.
8 min
Capital gains — the whole course
5 questions at the end. Every wrong answer explains itself.
Tools for this
Sources
- Memorandum explaining the provisions in the Finance (No. 2) Bill, 2024 — Rationalisation and Simplification of taxation of Capital Gains — Ministry of Finance, Government of India · checked 2026-08-13
- Income Tax Department — official portal — Income Tax Department · checked 2026-08-13