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Articles for Indexation

JobSeeker, age pension are among Centrelink payments increasing
3 months ago

JobSeeker, age pension are among Centrelink payments increasing

ABC  

Centrelink payments such as JobSeeker, age pension will all rise as the latest indexation takes effect from Friday. Age pension Carer payment Parenting payment JobSeeker payment Rent assistance How much will the age pension increase by? The same increase will apply to the Disability Support Pension and carer payment taking the total per fortnight, including energy supplement, to $1,144.40 for …

Pension Social Services Payment Increase Receive Fortnight Indexation
Indexation Benefit Under Unified Pension Scheme: How Will It Impact Central Govt Employees' Pension?
3 months, 3 weeks ago

Indexation Benefit Under Unified Pension Scheme: How Will It Impact Central Govt Employees' Pension?

News 18  

UPS Indexation Benefit: As the Union Cabinet, headed by Prime Minister Narendra Modi, has approved the Unified Pension Scheme assuring a fixed pension to central government employees, the latest pension scheme has a provision of indexation benefits. The indexation benefit will keep increasing the pension amount of the government employees as per the inflation rate. Check the calculation: “Inflation indexation …

Inflation Pension Scheme Benefit Ups Assured Unified Pension Scheme
Bajaj Auto to increase accounting provision for deferred tax by ₹211 crore due to indexation benefit withdrawal
4 months ago

Bajaj Auto to increase accounting provision for deferred tax by ₹211 crore due to indexation benefit withdrawal

Live Mint  

Bajaj Auto Ltd on Monday said due to withdrawal of the indexation benefit and change in tax rate, the accounting provision for deferred tax on investment income needs to be restated. “In compliance with Ind AS 12, the Company was making accounting provisions for Deferred Tax as per applicable law on fair value gains on these investments,” Bajaj Auto said …

Company Bajaj Auto Provision Indexation Deferred Tax
The Concerns Around Budgetary Changes Made to Indexation and the LTCG Structure
4 months, 2 weeks ago

The Concerns Around Budgetary Changes Made to Indexation and the LTCG Structure

The Quint  

Long-term investors in debt mutual funds previously benefited from indexation, which, after holding the investment for five or six years, significantly reduced their tax liability on the modest returns of six to seven percent typically offered by these funds. The finance minister assured in the last Budget that existing holdings would be grandfathered, offering some protection to these conservative investors. …

Tax Investors
Nirmala Sitharaman on LTCG amendment: 'We have courage to change'
4 months, 2 weeks ago

Nirmala Sitharaman on LTCG amendment: 'We have courage to change'

Hindustan Times  

Finance minister Nirmala Sitharaman said that the new amendments to Finance Bill 2024 will not impose any additional tax burden concerning the long-term capital gains tax on real estate sales. Replying to the House discussion on the Finance Bill in the Lok Sabha, the minister said: “Every time we present the Budget…I have gone around the country to various destinations, …

Tax Budget Lok Sabha Nirmala Sitharaman Ltcg
Big relief for homeowners as government gives options on long term capital gains tax
4 months, 2 weeks ago

Big relief for homeowners as government gives options on long term capital gains tax

Hindustan Times  

The Lok Sabha on August 7 passed the Finance Bill 2024 and amended the long term capital gains tax provision on immovable properties giving taxpayers an option to switch to a new lower tax rate or stay with the old regime that had higher rate with indexation benefit. The government's revised budget announcement allows taxpayers to pick between a 12.5% …

India Real Estate Tax Capital Gains Tax Capital Capital Gains Amendment
Top news of the day: August 07, 2024
4 months, 2 weeks ago

Top news of the day: August 07, 2024

The Hindu  

Paris Olympics: Vinesh Phogat disqualified from competing in finals; WFI files appeal The Indian contingent was in for a shock as wrestler Vinesh Phogat, who was on her way to become the country’s first woman wrestler to reach the Olympics final by defeating Cuba’s Guzman Lopez on Tuesday night, was eliminated for being overweight ahead of her final bout against …

Olympics Justice Delhi Supreme Court Court Bangladesh Nepal
Capital gains tax on real estate: Lok Sabha passes Finance Bill, amends LTCG tax provision on immovable properties
4 months, 2 weeks ago

Capital gains tax on real estate: Lok Sabha passes Finance Bill, amends LTCG tax provision on immovable properties

The Hindu  

The Finance Bill 2024 was passed in the Lok Sabha on Wednesday with an amendment relaxing the recently introduced new capital gains tax on real estate. The amendment comes after a proposal to remove indexation benefit in calculation of long-term capital gains on sale of immovable properties in the Budget 2024-25 had evoked criticism from various corners, including Opposition parties …

Finance Tax Budget Lok Sabha Amendment Sitharaman Gst
LTCG amendment: Experts cheer decision to restore indexation benefit for property. Why this govt move matters
4 months, 2 weeks ago

LTCG amendment: Experts cheer decision to restore indexation benefit for property. Why this govt move matters

Live Mint  

Land and building owners now have a reason to cheer. The government has proposed an amendment to the Finance Bill 2024 regarding long-term capital gains tax, thereby relieving property owners of the extra tax burden that would have arisen on account of the latest changes announced by Finance Minister Nirmala Sitharaman on July 23 in the Union Budget 2024. What …

Tax Property Capital Gains Tax 2024 Amendment Cent Benefit
FM Nirmala Sitharaman announces amendment to LTCG tax proposal, offers new options
4 months, 2 weeks ago

FM Nirmala Sitharaman announces amendment to LTCG tax proposal, offers new options

Hindustan Times  

Union finance Minister Nirmala Sitharaman on Wednesday announced that the contentious long-term capital gains tax proposal on real estate is being revised. The announcement came after the Budget 2024-25 plan to remove indexation benefits for long-term capital gains on property sales faced strong criticism from opposition parties and tax experts. The Budget presented on July 23 had proposed a reduced …

Finance Tax Budget Pay Capital Lok Sabha Pti
Parliament Monsoon Session: Lok Sabha passes Finance Bill 2024
4 months, 2 weeks ago

Parliament Monsoon Session: Lok Sabha passes Finance Bill 2024

India TV News  

Parliament Session: The Lok Sabha today passed the Finance Bill 2024 after the government relaxed the just-introduced new capital gains tax on real estate, allowing taxpayers an option to switch to a new lower tax rate or stay with the old regime that had higher rate with indexation benefit. Finance Minister Nirmala Sitharaman, who in her Budget for 2024-25 proposed …

Real Estate Parliament Bill Indexation Indexation Benefit Tax Rate Passes Finance
Lok Sabha passes Finance Bill, amends LTCG tax provision on immovable properties
4 months, 2 weeks ago

Lok Sabha passes Finance Bill, amends LTCG tax provision on immovable properties

New Indian Express  

NEW DELHI: The Lok Sabha on Wednesday passed the Finance Bill 2024, after the government relaxed the just-introduced new capital gains tax on real estate, giving taxpayers the option to switch to a new lower tax rate or stay with the old regime that had a higher rate with indexation benefit. Finance Minister Nirmala Sitharaman, in her Budget for 2024–25, …

Real Estate Tax Sitharaman Bill Benefit Gst Indexation
Indexation back in real estate as taxpayers get rate choices
4 months, 2 weeks ago

Indexation back in real estate as taxpayers get rate choices

Hindustan Times  

The Union government on Tuesday softened its stand on a controversial budget proposal to remove indexation for computing long-term capital gains tax on real estate and gave citizens an option to choose between the old regime of 20% levy with indexation and the new system of 12.5% tax without indexation. “In the case of transfer of a long-term capital asset, …

Tax Budget Capital Lok Sabha Gains Indexation Rate Choices
Relief for homeowners: Realty experts welcome Centre’s decision to ease long term capital gains tax for sale of property
4 months, 2 weeks ago

Relief for homeowners: Realty experts welcome Centre’s decision to ease long term capital gains tax for sale of property

Hindustan Times  

In a major relief to homeowners who bought properties before July 23, 2024, the government has proposed an amendment to the long-term capital gains tax giving them an option to choose between the lower tax rate of 12.5% without indexation or a higher rate of 20% with indexation of properties acquired before July this year. Real estate and tax experts …

Real Estate Properties Tax Property Sale Capital Gains Tax Relief
Centre to ease long term capital gains tax for sale of properties
4 months, 2 weeks ago

Centre to ease long term capital gains tax for sale of properties

Hindustan Times  

The Narendra Modi government is set to ease long-term capital gains tax for sale of properties proposed in the Union budget 2024, Reuters reported. The Narendra Modi government is set to ease long term capital gains tax for sale of properties proposed in the Union budget 2024 As per the report, in case of the transfer of a long-term capital …

Real Estate Properties Tax Union Capital 2024 Term
Budget 2024: How removing indexation benefits for capital gains tax on property may impact the Mumbai real estate market
4 months, 2 weeks ago

Budget 2024: How removing indexation benefits for capital gains tax on property may impact the Mumbai real estate market

Hindustan Times  

Mumbai’s resale real estate market is expected to feel the pinch with Budget 2024 doing away with the indexation benefits on long-term capital gains on sale of property. Mumbai’s resale real estate market is expected to feel the pinch with Budget 2024-2025 doing away with the indexation benefit on long-term capital gains on sale of property. According to real estate …

Market Tax Impact Investors Metro Estate Real
Budget 2024: How removing indexation benefits for capital gains tax on property may impact the Mumbai real estate market
4 months, 2 weeks ago

Budget 2024: How removing indexation benefits for capital gains tax on property may impact the Mumbai real estate market

Hindustan Times  

Mumbai’s resale real estate market is expected to feel the pinch with Budget 2024 doing away with the indexation benefits on long-term capital gains on sale of property. Mumbai’s resale real estate market is expected to feel the pinch with Budget 2024-2025 doing away with the indexation benefit on long-term capital gains on sale of property. According to real estate …

Mumbai Market Tax Property Impact Investors Metro
SBS Insight: Young Aussie Jessica Herbert reveals the one mistake she made before going to uni that has lumped her with massive debt
4 months, 3 weeks ago

SBS Insight: Young Aussie Jessica Herbert reveals the one mistake she made before going to uni that has lumped her with massive debt

Daily Mail  

A regretful young Aussie said she should have thought more beforehand about how much it was going to cost her to go to university after racking up $83,000 in student debt. Jessica Herbert, who works in disability and community service, said she would have pursued a career in nursing or teaching to reduce her massive HECS debt The figure is …

Student Debt Masters Cent Herbert Student Debt Hecs
On discarding indexation for long-term capital gains | Explained
4 months, 3 weeks ago

On discarding indexation for long-term capital gains | Explained

The Hindu  

The story so far: Finance Minister Nirmala Sitharaman’s announcement in the Union Budget about doing away with indexation for computing long-term capital gains tax has not drawn much enthusiasm. A memorandum explaining the provisions of the Finance Bill, stated that this was to “ease computation of capital gains for the taxpayer and tax administration”. At the erstwhile 20% rate, they …

Tax Capital Price Capital Gains Real Rate Lakh
Budget 2024 is an exercise to simplify the tax regime - Revenue Secretary Sanjay Malhotra
4 months, 3 weeks ago

Budget 2024 is an exercise to simplify the tax regime - Revenue Secretary Sanjay Malhotra

Hindustan Times  

The government is making efforts to simplify the tax regime and treat all asset classes similarly for taxation, revenue secretary Sanjay Malhotra said in an interview with Hindustan Times. Edited excerpts: The budget’s proposal to remove indexation from the long-term capital gains in real estate is an effort to simply the tax regime, said Sanjay Malhotra The Economic Survey has …

Real Estate Tax Budget Capital Capital Gains Estate Real
Eliminating Indexation Benefits Hits India's High-End Real Estate
4 months, 3 weeks ago

Eliminating Indexation Benefits Hits India's High-End Real Estate

Deccan Chronicle  

Chennai: The elimination of indexation benefits will mainly hit the high-end property segment in real estate as the annual returns in the segment hover around 10 -11 per cent. While the long-term capital gains tax rate has been reduced to 12.5 per cent from 20 per cent, due to the removal of indexation, properties with an annual rate of appreciation …

Real Estate Cent Indexation Properties
Union Budget 2024: Real estate sees marginal benefits
4 months, 3 weeks ago

Union Budget 2024: Real estate sees marginal benefits

The Hindu  

Covering a wide spectrum of Indian sectors, the first Union Budget of Modi 3.0 focused on MSMEs, employment, skilling, youth, and the middle class. Yet, the Budget as such has failed to address several concerns of the real estate sector, including direct incentives to boost the affordable housing sector. Mega allocation for the Hyderabad-Bengaluru industrial corridor and Vizag-Chennai corridor will …

Real Estate Housing Tax Sector Msme Affordable Boost
Without indexation, LTCG spikes 2.9 times on properties bought after 2010: Report
4 months, 3 weeks ago

Without indexation, LTCG spikes 2.9 times on properties bought after 2010: Report

Live Mint  

Budget 2024 removed the provision of indexation in the calculation of capital gain tax. This study simulated tax calculations for 10 major cities and found out that LTCG taxes on average increase 2.9 times without indexation benefit. This report showed that without indexation, the long-term capital gains taxes rise significantly for all holding periods. The report also shows that longer …

Report Indexation Ltcg Taxes
In Rajya Sabha, Raghav Chadha says removal of indexation benefit a ‘grave mistake’, explains why | Watch
4 months, 3 weeks ago

In Rajya Sabha, Raghav Chadha says removal of indexation benefit a ‘grave mistake’, explains why | Watch

Hindustan Times  

Aam Aadmi Party Rajya Sabha MP Raghav Chadha on Thursday hit out at the central government for its move to remove indexation benefit on sale of old property, as mentioned in the Union Budget 2024. Raghav Chadha, during the discussion on the Union Budget 2024-25 in Rajya Sabha, urged the central government to roll back their decision, saying that people …

Real Estate Tax Rajya Sabha Pti Raghav Chadha Raghav Chadha