What is indexation in calculating long term capital gains tax? Does the removal of indexation benefit in the Budget mean you will pay more tax?

The government has argued that most people will benefit, and those with ancestral property, will not be burdened with a supernormal tax. But there are other fear, including a return of more black money in real estate transactions. Here’s why the government’s assurances are not entirely convincing

Jul 27, 2024 - 18:30
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What is indexation in calculating long term capital gains tax? Does the removal of indexation benefit in the Budget mean you will pay more tax?
The government has argued that most people will benefit, and those with ancestral property, will not be burdened with a supernormal tax. But there are other fear, including a return of more black money in real estate transactions. Here’s why the government’s assurances are not entirely convincing

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