ru24.pro
News in English
Август
2024

Новости за 06.08.2024

Compute tax either at 12.5% without indexation or 20% with indexation on realty transactions: Govt proposes amendment

Economictimes.indiatimes.com 

The proposed amendment offers taxpayers a choice between a 12.5% long-term capital gains tax rate without indexation or a 20% rate with indexation for properties acquired before July 23, 2024. This change followed Budget 2024's proposal to remove indexation benefits. Despite concerns, the Income Tax department described this development as advantageous.