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Articles for Indexation Benefits, search results for property

LTCG amendment: Experts cheer decision to restore indexation benefit for property. Why this govt move matters
5 months, 1 week 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
Relief for homeowners: Realty experts welcome Centre’s decision to ease long term capital gains tax for sale of property
5 months, 1 week 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
Removal Of Indexation Benefit: Homeowners Who Acquired Properties After 2001 May End Up Paying Higher Taxes
5 months, 3 weeks ago

Removal Of Indexation Benefit: Homeowners Who Acquired Properties After 2001 May End Up Paying Higher Taxes

ABP News  

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. Cost of Index Cost of Index Selling Date 30-07-2024 363 Date of Acquisition 01-04-2012 200 Indexed Profit Profit w/o Index Sale Value 40,00,000 40,00,000 Cost 45,37,500 25,00,000 Loss -5,37,500 15,00,000 Tax …

Real Estate Properties Tax Property Budget Capital Cost