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Budget 2024: I-T dept clarifies acquisition cost of real estate bought before 2001 for LTCG calculations
The Union government has reduced LTCG tax on real estate to 12.5 percent, from 20 percent previously in the Union Budget 2024-25. However, the benefit of indexation was done away with for properties purchased after April 2001.
The Union government has reduced LTCG tax on real estate to 12.5 percent, from 20 percent previously in the Union Budget 2024-25. However, the benefit of indexation was done away with for properties purchased after April 2001.
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