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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
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
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
Indexation benefits on property removed, sparks concern. What it means for you?
5 months ago

Indexation benefits on property removed, sparks concern. What it means for you?

India Today  

Finance Minister Nirmala Sitharaman announced major changes to capital gains taxation that particularly affect real estate transactions in the Union Budget 2024. The Long Term Capital Gains Tax on property sales has been reduced from 20% to 12.5%, but the budget fine print revealed that the indexation benefit on real estate has been revoked, sparking concerns that it may result …

Real Estate Tax Property Capital Capital Gains Estate Real
Budget 2024: Capital gains taxes hiked, indexation benefit discontinued for property sale
5 months ago

Budget 2024: Capital gains taxes hiked, indexation benefit discontinued for property sale

Hindustan Times  

Finance Minister Nirmala Sitharaman on Tuesday announced an increase in both long-term and short-term capital gains tax. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} While the short-term capital gains tax has been increased from 15 per cent to 20 per cent, LTCG will be flat at 12.5 per cent. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} On the positive side, for the benefit of the lower …

Tax Budget Capital Gains Tax Capital Capital Gains Pti Sitharaman
Budget 2024: Capital gains taxes hiked, indexation benefit discontinued for property sale
5 months ago

Budget 2024: Capital gains taxes hiked, indexation benefit discontinued for property sale

Hindustan Times  

Finance Minister Nirmala Sitharaman on Tuesday announced an increase in both long-term and short-term capital gains tax. On the positive side, for the benefit of the lower and middle-income classes, Nirmala Sitharaman proposed to increase the limit of exemption of capital gains on certain listed financial assets from ₹1 lakh to ₹1.25 lakh per year. "Unlisted bonds and debentures, debt …

Tax Budget Capital Gains Tax Capital Capital Gains Pti Sitharaman
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