Budget 2024: Without indexation, LTCG tax may surge by 290% for post-2010 housing assets, says BankBazaar report
Budget impact: In the Union Budget 2024, the Centre has made noteworthy adjustment regarding the treatment of long-term capital gains (LTCG) in property transactions. Specifically, the indexation benefit has been eliminated, resulting in substantial modifications to the LTCG calculation. Despite this change, it has been affirmed by the government that properties purchased or inherited prior to … Read more