direct tax

Centre moves amendment in LTCG tax on real estate transactions

by
Centre moves amendment in LTCG tax on real estate transactions

New Delhi: Listening to the industry’s demand, the government on Tuesday moved an amendment to the Finance Bill 2024, to allow taxpayers select either a 12.5 per cent long-term capital gains (LTCG) tax rate without indexation or a 20 per cent rate with indexation for property acquired before July 23 this year. Finance Minister Nirmala … Read more

Direct Tax Collection Grows 20 Pc to Rs 18.90 Lakh Cr Till Mar 17

by
Direct Tax Collection Grows 20 Pc to Rs 18.90 Lakh Cr Till Mar 17

Last Updated: March 19, 2024, 21:15 IST On a gross basis, before adjusting refunds, the direct tax collection stood at Rs 22.27 lakh crore. (Representative Image) On a gross basis, before adjusting refunds, the direct tax collection stood at Rs 22.27 lakh crore, an 18.74 per cent growth over the year-ago period The net direct … Read more