#realestate #taxpayers

The government has moved an amendment to the Finance Bill, 2024, to let taxpayers select either a 12.5% long-term capital gains tax rate without indexation or a 20% rate with indexation for property acquired before July 23. Finance Minister Nirmala Sitharaman, while presenting the Union budget 2024 last month, announced that the tax on LTCG had been slashed to 12.5% from 20%. However, the indexation...