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Articles for Indexation, search results for sales

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
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
Budget 2024: No indexation benefit for property sales; new LTCG rate fixed at 12.5%
5 months ago

Budget 2024: No indexation benefit for property sales; new LTCG rate fixed at 12.5%

Live Mint  

Before Budget 2024, property sales were subject to a 20% LTCG tax rate with indexation benefit, which adjusted the purchase price for inflation, thereby reducing the taxable capital gain. According to the Budget documents, the new tax rate for long-term capital gains on property sales will be 12.5% without indexation benefit. The LTCG tax liability under both the old and …

Tax Property Budget Capital Price Sales Rules
Budget 2024: Selling old property to attract more tax. Here's why
5 months ago

Budget 2024: Selling old property to attract more tax. Here's why

India Today  

If you are planning to sell your old property, prepare for higher taxes on the transaction following the Union Budget 2024-25. During her speech, Finance Minister Nirmala Sitharaman announced changes to long-term capital gains taxation, including the removal of the indexation benefit for capital gains tax on real estate sales, which will affect most property owners. In an effort to …

Finance Tax Property Capital Estate Real Ltcg