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Articles for Indexation, search results for taxpayers

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
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
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
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
Freezing HECS-HELP indexation won't put more money in your pocket in the short term
1 year, 8 months ago

Freezing HECS-HELP indexation won't put more money in your pocket in the short term

ABC  

The architect of the HECS-HELP system says misinformation is creating anxiety in the community about the effect of inflation on student debt. Key points: Abolishing indexation on HECS-HELP debts would not put more money in the pockets of people with student debt Removing indexation altogether would mean all taxpayers bore the cost of inflation Making university degrees free would reduce …

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