How the change in capital features tax on property impacts you

Some of the talked about amendments from the Funds offered on Jul 23, 2024 has been the removing of indexation profit for long run capital features (LTCG), particularly on sale of property. The present taxation helps taxpayers declare losses in eventualities the place the property worth didn’t admire consistent with inflation as throughout actual property … Read more

Price Inflation Index set larger at 363, long run capital achieve to be decrease on land, logos, patents

Lengthy-term capital achieve legal responsibility on the sale or switch of any capital asset, corresponding to land, property, logos and patents is anticipated to be decrease this 12 months as Price Inflation Index (CII) for Monetary 12 months 2024-25 has been fastened at 363 as towards 348 for Monetary 12 months 2023-24. This exhibits an … Read more