FM says option in real estate LTCG to ensure no additional tax burden
ltcg
August 2024
July 2024
February 2022
January 2022
April 2020
January 2020
August 2019
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
Govt collected ₹98,681 cr LTCG tax on listed equities in FY23
The Centre garnered ₹98,681.34 crore from LTCG in 2022-23, up 15% compared with ₹86,075.49 crore collected in FY22.
Budget 2024: Tax on sale of older property could go up
The removal of indexation benefit will increase the tax incidence on property sale, especially for older properties, says Gautam Shahi, director, CRISIL Ratings.
FM removes indexation benefit on property sales; new LTCG tax at 12.5%
With the changes announced in the budget 2024-25, long term capital gains tax of 12.5% will be applicable on gains arising out of property sales without the indexation benefits.
Capital gains tax too complicated, needs re-look: Govt
Revenue secretary Tarun Bajaj calls for an absolute review of the capital gains tax regime.
Budget 2022: 80C, PPF, LTCG relief key demands as tax cut hopes recede
A growing view ahead of the budget is that the exemption limit of ₹1.5 lakh, which has not been changed since 2014, now needs to be revised.
Will Mauritius regain the tag of India’s top investor?
Mauritius last week got the ‘eligible country’ status from India. Investment entities from the island country can register with SEBI as category–1 FPIs with less stringent KYC requirements.
‘Budget is likely to be overall positive for markets’
According to the international brokerage, the market is looking for some relief in personal income taxes and taxes for companies/investors.
Market watch: Look beyond Sensex, Nifty swings
In 44 trading days, benchmark indices Sensex and Nifty fell 7.82% and 9.03%, respectively, while the midcap and smallcap indices hit 52-week lows on August 2.
