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Tuesday, August 6, 2024

Budget tweak: Govt to rework property capital gains formula

The Indian government revised its long-term capital gains tax proposal for real estate, offering taxpayers the choice of a 20% tax with indexation benefits or a 12.5% tax without indexation. This amendment aims to address concerns from middle-class property owners and will apply to properties acquired before July 23, 2024.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3vzkd7e

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