property transactions

Capital gains tax: AMFI urges to restore indexation benefits for debt mutual funds after real estate breather

by
Capital gains tax: AMFI urges to restore indexation benefits for debt mutual funds after real estate breather

Capital Gains Tax: After Finance Minister Nirmala Sitharaman made an announcement in the Union Budget regarding the reduction of tax on long-term capital gains from 20% with indexation benefits to 12.5% without indexation benefits, an amendment was introduced to The Finance Bill, 2024. This amendment allows taxpayers to select the tax rate that is more advantageous … Read more

Capital Gains Tax: Govt earned around Rs 99,000 cr on listed equities, MoS Finance tells Parliament

by
Capital Gains Tax: Govt earned around Rs 99,000 cr on listed equities, MoS Finance tells Parliament

The NDA government has earned Rs 98,681 crore from long term capital gains tax on listed equities in 2022-23, which is about 15 per cent growth over the last year, Minister of State for Finance Pankaj Chaudhary told Rajya Sabha on Tuesday.  Chaudhury also shared collections from Long Term Capital Gains (LTCG) tax between fiscal … Read more

Budget 2024: Without indexation, LTCG tax may surge by 290% for post-2010 housing assets, says BankBazaar report

by
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