LTCG

Finance Bill 2024: FM Sitharaman Proposes Amendments to LTCG Tax Provision on Immovable Properties

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Finance Bill 2024: FM Sitharaman Proposes Amendments to LTCG Tax Provision on Immovable Properties

The Budget, presented on July 23, had proposed a lower 12.5 per cent rate of LTCG tax, down from 20 per cent, while doing away with the indexation benefit. Replying to a debate on the Finance Bill, Finance Minister Nirmala Sitharaman said the rollover benefit will be available to taxpayers who buy new immovable property … Read more

‘12.5% without, 20% with Indexation’: Govt Proposes LTCG Tax Relief for Property Owners by Offering Choice

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‘12.5% without, 20% with Indexation’: Govt Proposes LTCG Tax Relief for Property Owners by Offering Choice

Reported By: Pallavi Ghosh Last Updated: August 06, 2024, 23:37 IST The union budget announced the withdrawal of indexation benefits from real estate and lowered the long-term capital gains from 20 per cent to 12.5 per cent. (Representational image) A copy of the amendment to be moved by finance minister Nirmala Sitharaman is available with … Read more