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Govt amends Budget proposal on realty capital gains formula
Credit: IndiaTimes- Published on August 7, 2024
Finance Minister Nirmala Sitharaman introduced amendments to the Finance Bill to mitigate the impact of long-term capital gains tax on real estate. Taxpayers can now choose between a new 12.5% tax rate without indexation and the old 20% rate with indexation, opting for whichever is lower for assets acquired before July 23, 2024....
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The Indian government revised its long-term capital gains tax proposal for real estate, offering taxpayers the choice of a 20% tax with indexation benefits or a...
on August 7, 2024 • IndiaTimes