News & Media 25th Jul 2024
In the Union Budget 2024, Finance Minister Nirmala Sitharaman announced revisions to the capital gains tax rates and adjustments to the indexation benefits for various assets, including real estate. She also reduced the long-term capital gains (LTCG) tax rate on the sale of property from 20 per cent to 12.5 per cent. Individuals planning to sell their property must carefully evaluate these changes to comprehend their updated tax obligations before making any financial decisions.
Against this backdrop, ABP Live’s latest feature, “Removal of Indexation Benefit: Homeowners Who Acquired Properties After 2001 May End Up Paying Higher Taxes” by Subhojit Sarkar talks about removal of indexation benefit with expert comments from our Partner Heena Chheda.
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