CA Sakchi Jain Instagram – Comment ‘Tax’ and I’ll send you the details.
Don’t you think the government is trying to discourage investment?
In the Union Budget 2024, the removal of the indexation benefit on property transactions has led to significant changes in the calculation of long-term capital gains (LTCG).
However, the government has clarified that the indexation benefit will remain available for properties bought or inherited before 2001, even though the LTCG tax rate has been reduced from 20% to 12.5%.
Removing indexation can steer funds away from real estate also dampening overall investor sentiment in the property market.
[Union Budget 2024, LTCG tax changes, removal of indexation benefit, real estate investment, property tax calculation, long-term capital gains, property market impact, government tax policy, CA Sakchi Jain]
#unionbudget2024 #ltcg #realestateinvestment #propertytax #indexationbenefit #capitalgains #taxpolicy #casakchijain | Posted on 27/Jul/2024 16:00:54
