In Budget 2024, Finance Minister Nirmala Sitharaman increased the Long-Term Capital Gain (LTCG) Tax from 10% to 12.5% and the Short-Term Capital Gain (STCG) Tax from 15% to 20%, sparking market reactions.
Amid these changes, a Reddit post humorously advised avoiding capital gains tax by buying stocks high and selling low, resulting in losses instead of gains. This ironic advice, while amusing, underscores the challenges investors face with the new tax rates.