Replying to the debate, Finance Minister Nirmala Sitharman said the approach of the government has been to bring greater simplification of tax laws and procedures and enable growth and employment in the country. She responded to points made by members.
The Finance Minister clarified that in real estate, the roll over provisions have not been withdrawn and are applicable.
She said if the capital gain in a property transaction is invested in buying another one or two properties up to a maximum value of Rs 10 crore, no capital gain tax is required to be paid on such profits.
Capital gains can also still be invested in bonds which are notified under Section 54 of the Income Tax Act up to a maximum of Rs 50 lakh annually and save on taxes.
To give relief on budget proposals, Sitharaman also moved an amendment in the Finance Bill on the changes in the capital gains tax on property transactions.
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Diese Geschichte stammt aus der August 08, 2024-Ausgabe von The Daily Guardian.
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Ayushman Bharat enrolments
Free medical treatment up to Rs 5 lakh per family annually.
Two beneficiaries die
The two persons - Nagarbhai Senma (59) and Mahesh Barot (45) - died soon after the angioplasty procedure along with stent placement was performed on them at the Khyati Multispeciality Hospital in Bodakdev area of the city on Monday.
First ever high altitude para centre in world to feature 29 para sports
The world's first high-altitude para sports centre dedicated to training and nurturing para athletes in the country will be established in Leh, Ladakh and will focus on training for international competitions, including the larger goal of preparing para-athletes for the 2028 Paralympics and advancing their skills, confidence, and performance to excel on global platforms.
AUSSIE MEDIA WELCOMES TEAM INDIA AHEAD OF HIGH-OCTANE BGT CLASH
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Treesa-Gayatri make first-round exit from Kumamoto Masters
Indian pair of Treesa Jolly and Gayatri Gopichand was knocked out in the opening round of Kumamoto Masters Japan with a defeat in straight games to their opponents from Chinese Taipei, here on Tuesday.
PCB asks ICC to explain India's refusal to send team to Pak for Champions Trophy
The Pakistan Cricket Board (PCB) said Tuesday it has asked the sport's governing body to explain India's refusal to send a team to Pakistan for the Champions Trophy next year.
Uma Mahesh wins gold medal at FISU World University Championship
Uma Mahesh on Monday bagged a Gold medal at the prestigious FISU World University Championship at Karni Singh Stadium in New Delhi.
Shami to return to competitive cricket, to play for Bengal against MP in Ranji Trophy
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After ODI success, Pak skipper Rizwan eyes Twenty20 series win in Australia
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In the education sector, where everything is changing quickly, the traditional method of question paper design has long been arduous and time-consuming.
