Finance Bill amended; 20% LTCG with indexation on realty deals optional
The move comes after backlash on a budget proposal to remove indexation benefits on capital gains on the sale of immovable property
Advertisement
indexation
August 2024
July 2024
Revamp of Income Tax Laws on the Anvil: Deloitte
Indexation benefits being removed from long term real estate deals is a dampener.
Budget 2024: Tax on sale of older property could go up
The removal of indexation benefit will increase the tax incidence on property sale, especially for older properties, says Gautam Shahi, director, CRISIL Ratings.
FM removes indexation benefit on property sales; new LTCG tax at 12.5%
With the changes announced in the budget 2024-25, long term capital gains tax of 12.5% will be applicable on gains arising out of property sales without the indexation benefits.
