Financial Decision

Capital gains tax changes in real estate: What’s the impact on your taxes after govt’s recent tweak

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Capital gains tax changes in real estate: What’s the impact on your taxes after govt’s recent tweak

Long-term capital gains tax:  The Centre announced on Tuesday a significant decision that offers relief to homeowners regarding Long-Term Capital Gains (LTCG) tax on real estate. Homeowners will now given the option to choose between two tax rates: a 20% rate with the indexation benefit, or a 12.5% rate without indexation. This policy shift follows … Read more

Seeking loan from banks, SFBs? RBI asks banks, REs to mention all charges in Key Fact Statement

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Seeking loan from banks, SFBs? RBI asks banks, REs to mention all charges in Key Fact Statement

The Reserve Bank of India (RBI) has directed all banks and regulated entities that it cannot levy additional fees on loans that are not previously disclosed in the Key Fact Statement (KFS). It said that from October 1, 2024, banks will be bound by the terms of the loan indicated in the Key Fact Statement … Read more