Finance Bill amended; 20% LTCG with indexation on realty deals optional
The move comes after backlash on a budget proposal to remove indexation benefits on capital gains on the sale of immovable property
The move comes after backlash on a budget proposal to remove indexation benefits on capital gains on the sale of immovable property
The Finance Bill proposes changes in taxation of debt mutual funds.
Finance Minister Nirmala Sitharaman pushes for growth while correcting the anomalies of the Budget. But she will need to do more to keep the momentum going.
A national body to oversee functioning of tribunals, if completely free from executive control, may go a long way in ensuring insulation from government interference.