January 18, 2025
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Tag: long term capital gains tax

Sitharaman proposes amendments to LTCG tax provision on immovable properties, offers two options to taxpayers – Times of India

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NEW DELHI: Union finance minister Nirmala Sitharaman on Wednesday announced amendments regarding the Long-Term Capital Gains (LTCG) tax proposal on real estate during a debate on the Finance Bill in Lok Sabha.Taxpayers will now have the choice to calculate their tax liability using either the old system or the reduced rates without indexation, and pay…

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Changes in LTCG tax post Budget 2024: Higher tax rate with indexation benefits, grandfathering for ancestral properties being considered? – Times of India

admin05 mins

Budget 2024 capital gains tax changes: The Narendra Modi government is considering suggestions for tweaks in the new long term capital gains tax regime that was announced by FM Nirmala Sitharaman in Union Budget 2024.The July 23 budget reduced the LTCG tax on property from 20% to 12.5%. The indexation benefit, which allowed taxpayers to…

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