Indexation benefit scrapped, replaced with LTCG tax
Ahmedabad Mirror|July 24, 2024
Sale of real estate properties will now attract a higher tax
Indexation benefit scrapped, replaced with LTCG tax

The government on Tuesday proposed reducing the long-term capital gains tax on immovable properties to 12.5% from 20%, but removed the indexation benefits to adjust for inflation, a move experts termed as "negative" for sellers.

As per the Memorandum to the Union Budget, with rationalisation of rate to 12.5%, indexation available under section 48 of the Income Tax Act is proposed to be removed for calculation of any long-term capital gains, which is presently available for property, gold and other unlisted assets.

この記事は Ahmedabad Mirror の July 24, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Ahmedabad Mirror の July 24, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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