I have read that the exemption limit for long-term capital gains under Section 112A was ₹1,00,000 earlier. But I also heard that it might be increased to ₹1,25,000 from FY 2024–25 onwards.
Can anyone confirm what is the correct exemption limit applicable for LTCG on listed equity shares and mutual funds under Section 112A for FY 2024–25?
Also, from which date does the new exemption apply?
Thank you!