Finance Minister Nirmala Sitharaman introduced amendments to the Finance Bill to mitigate the impact of long-term capital gains tax on real estate. Taxpayers can now choose between a new 12.5% tax rate without indexation and the old 20% rate with indexation, opting for whichever is lower for assets acquired before July 23, 2024. The Lok Sabha approved the Bill.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SZu1Ktz
0 Comments