The proposed amendment implies that taxpayers on property transactions can avail either a lower tax of 12.5 per cent without indexation or a higher rate of 20 per cent with indexation, if the property is acquired before July 23, 2024, the day the union budget was presented in the Lok Sabha.
The taxpayers can compute taxes under both schemes and will have a choice to pay tax under the scheme in which it is lower.
July 23, 2024, is now set as the cut-off date for the calculation of the capital gains versus the earlier cut-off of 2001 that had caused a lot of concern over its impact on long-time owners of property assets.
Diese Geschichte stammt aus der August 07, 2024-Ausgabe von The Business Guardian.
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Diese Geschichte stammt aus der August 07, 2024-Ausgabe von The Business Guardian.
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