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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
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
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
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
Without indexation, LTCG spikes 2.9 times on properties bought after 2010: Report
4 months, 4 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, 4 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
Changes in long-term capital gain tax to benefit most real estate investors: Revenue Secy
4 months, 4 weeks ago

Changes in long-term capital gain tax to benefit most real estate investors: Revenue Secy

Hindustan Times  

New Delhi, Jul 24 Revenue Secretary Sanjay Malhotra has said that the changes in Long-Term Capital Gain Tax announced in the Budget by Finance Minister Nirmala Sitharaman will benefit most of the people investing in the real estate sector. The Budget has lowered the LTCG from 20 per cent to 12.5 per cent but removed the indexation benefits. This will …

Real Estate Tax Budget Benefit Gain Ltcg Indexation
Budget 2024: Planning to sell a property bought after 2001? Here are 7 things that you should know
5 months ago

Budget 2024: Planning to sell a property bought after 2001? Here are 7 things that you should know

Hindustan Times  

If you bought a property in or after 2001 and plan to sell it now, you may find yourself paying more tax, especially after the new proposals introduced on July 23. Budget 2024. has reduced tax rates on capital gains earned from sale of house properties held for long term, but has removed the indexation benefit available to taxpayers. Watch: …

Real Estate Properties Tax Property Budget Sale Capital Gains Tax
2001: The year that divides property sellers under new Budget tax rules
5 months ago

2001: The year that divides property sellers under new Budget tax rules

Hindustan Times  

Union finance minister Nirmala Sitharaman's budget speech outlined some changes to the direct and indirect tax regimes. One of the most striking changes pertains to the LTCG tax and indexation benefits, creating a distinct divide among property sellers based on the purchase or inheritance date of their properties, with 2001 being the critical year. As per the Memorandum to the …

Tax Property Budget Price Rate Benefit Sellers