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Budget 2024: Decoding The Calculation Of LTCG Under Old And New Capital Gain Tax Regime For House Purchased Before And After 2001 | Personal Finance News

New Delhi: Finance Minister Nirmala Sitharaman’s Budget 2024 announcement has once again put the spotlight on property owners. The removal of Indexation benefits has thus stirred the debate about whether investment returns in Real estate will still be as lucrative or not. Coupled with that, will lowering of Long Term Capital Gains (LTCG) from 20 percent to 12.5 percent […]
ABHISEK RAJPUT
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Union Budget 2024: Here’s How New Capital Gain Proposal Helps Investors Save Tax | Personal Finance News

New Delhi: The proposal to remove indexation benefit in the long-term capital gain calculation in the Union Budget 2024-25 will ultimately be beneficial to investors, the Centre has said As Finance Minister Nirmala Sitharaman’s proposal sparks debate, Revenue Secretary Sanjay Malhotra during a media interaction explained how it is beneficial to investors. Malhotra said, “If […]
ABHISEK RAJPUT
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Budget 2024: Tax Rates On Both Short And Long Term Capital Gains Raised With Immediate Effect | Personal Finance News

New Delhi: Finance Minister Nirmala Sitharaman’s Budget speech has announced to raise on long-term and short-term capital gains tax. All these proposals will come into force immediately. Sitharaman announced that Short term gains on certain financial assets shall henceforth attract a tax rate of 20 per cent, while that on all other financial assets and […]
ABHISEK RAJPUT
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