For assets such as land or buildings acquired before July 23, taxpayers can now choose between the new and old regimes based on the benefits. Under the new proposals, tax on capital gains was reduced to 12.5 percent from 20 percent; but the adjustment for inflation-known as indexation— was done away with for properties bought after 2001. Indexation allowed capital gains to be calculated lower by deducting inflation's impact on the price since the time the property was bought. This translated into 20 percent higher tax on properties purchased before 2010.
Esta historia es de la edición August 08, 2024 de The New Indian Express.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición August 08, 2024 de The New Indian Express.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Sidharth Malhotra to star in a folk thriller
ON Thursday night, actor Sidharth Malhotra announced that he is starring in a folk thriller titled Vvan - Force of the Forrest.
DHANUSH joins hands with Rajkumar Periasamy
FOLLOWING the success of Amaran, director Rajkumar Periasamy is teaming up with Dhanush for the latter's 55th film.
Thug Life, Idli Kadai and Miss You get release dates
OVER the last three days, Tamil cinema has made a flurry of announcements for major theatrical releases, including the following.
A SPY THRILLER
WITH SLICK ACTION, SCHTICK STORYTELLING
THE O-FACTOR
GETTING 'in shape' has been a long cherished dream of many across the world.
Madras Eye on the rise
Conjunctivitis, popularly known as 'Madras Eye', is rising rapidly, especially among children, in Chennai.
Correcting Keratoconus
Ahead of World Keratoconus Day on November 10, experts share their insights on the importance of early diagnosis and effective management to preserve vision
SNUFF THE PUFF
On his 59th birthday, Bollywood superstar Shah Rukh Khan announced that he had quit smoking, a long-standing habit, often smoking up to 100 cigarettes a day.
From the desk to the depths
A dive into deep underwater, just you and the ocean, and imagine there is no breathing support.
Life amid litter
“Nadhu kuppai, enadhu porupu, ena urudhi alaipomae.” Most of us wake up to these lyrics played on the garbage pickup vehicles. This song is the citizens’ alarm to create a society with proper waste management system and educates them to segregate waste.
