The recent amendment to the long-term capital gains tax regime provides flexibility to property owners and ensures they are not adversely affected by the removal of the indexation benefit.
Real EstateLong Term Capital Gains TaxIndexation BenefitNirmala SitharamanFinance MinisterReal Estate NewsAug 07, 2024
The amendment offers two options for calculating long-term capital gains tax: 12.5% LTCG rate without indexation and 20% LTCG rate with indexation for properties acquired before July 23, 2024.
The amendment provides flexibility to property owners, allowing them to choose the option that works better for them, and ensures they are not adversely affected by the removal of the indexation benefit.
The Cost Inflation Index (CII) is provided by the Central Board of Direct Taxes (CBDT) and is used to calculate the indexed cost of acquisition for long-term capital gains tax.
The amendment is applicable to properties acquired before July 23, 2024.
The amendment provides much-needed relief for property owners and, consequently, the real estate industry, a significant employment generator in the economy.
FPCE, a homebuyers' association, has raised concerns about MahaRERA's conciliation forum, alleging a conflict of interest and questioning its constitution and functioning.
The average monthly rent in 13 major Indian cities has seen a significant year-on-year increase of 16.9% to Rs 19.35 per sq ft, while property prices average Rs 5,927 per sq ft. Hyderabad stands out as a standout performer in this trend.
Dua Lipa lit up the Zomato Feeding India Concert (ZFIC) 2024 in Mumbai on November 30 by performing a fan-made mashup of her hit 'Levitating' and Shah Rukh Khan's 'Woh Ladki Jo'. The performance went viral, with fans and Shah Rukh Khan's daughter, Suhana
Rashmika Mandanna, co-star of Allu Arjun in the highly anticipated 'Pushpa 2', has shared her thoughts on his recent arrest in connection with the tragic stampede that occurred during the film's premiere.
The Prime Minister has officially inaugurated a series of significant development projects in the national capital, underscoring the government's commitment to urban transformation and infrastructural growth. These projects are expected to enhance the qua
In today’s volatile economic landscape, choosing the right investment funds is crucial for securing your financial future. This article explores several key funds that offer stability, growth, and diversification, making them must-haves for investors look