Indexation is a crucial tax mechanism in India that adjusts the purchase price of an asset for inflation when calculating long-term capital gains (LTCG) tax. This ensures that taxpayers are taxed ...
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Indexation benefit on sale of property removed; new LTCG rate of 12.5% announced for capital gains on sale of propertyPrior to the announcement the long term capital gains arising from sale of property was taxed at 20% within indexation benefit ... was issued on May 24, 2024. The CII number for FY 2023-24 ...
The Ministry of Finance is currently evaluating several options regarding the newly announced revised Long Term Capital Gains (LTCG) regime, which aims to eliminate indexation benefits for ...
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