By IndiaHub 
From July 23, 2024, long-term capital gains on equities and mutual funds are taxed at 12.5% (no indexation), while short-term gains are taxed at 20%. Ensure your gains are split correctly for pre- and post-July 23 transactions. If the transfer has taken place before 23rd July, 2024, long-term capital gains shall be taxable at a rate of 20% after taking benefit of indexation, or 10% without taking benefit of indexation.
Short-term capital gains will be taxed at 15% for any transfer which takes place before 23rd July, and 20% for any transfer which takes place on or after 24th July, 2024.