The government on Tuesday proposed a relief to taxpayers with respect to capital gain tax on real estate properties by giving them the option to choose between 20 per cent and 12.5 per cent tax rates.
Centre Offers New Tax Relief Options For Real Estate Capital Gains
The government on Tuesday announced options to choose between 20 per cent and 12.5 per cent tax rates in real estate capital gains.
Centre announces relief in real estate capital gain tax
Centre announces relief in real estate capital gain tax
As per the amendments to Finance Bill, 2024, circulated to the Lok Sabha members, an individual or HUF buying houses before July 23, 2024, can compute his taxes under the new scheme of 12.5 per cent without indexation and the old scheme of 20 per cent with indexation and pay such tax which is lower of the two.
- Previous Story
Mumbai Police Arrests 10th Suspect In Baba Siddique Murder Case; Zeeshan Siddique Dares Killers - Next StoryWayanad Bypolls: Who Is Navya Haridas, BJP’s Candidate Against Priyanka Gandhi?
