The LTCG Amendment offers flexibility by allowing property owners who purchased properties before July 23, 2024, to choose between two tax calculation methods. They can opt for a lower tax rate of 12.5% without indexation or a higher rate if it exceeds 20% with indexation. This flexibility is designed to minimize tax liability and maintain fairness across different asset classes while addressing concerns related to the removal of indexation benefits. Properties bought on or after July 23, 2024, are not eligible for these indexation benefits.
Where is the Indian folk and tribal art exhibition 'Hunar' currently being held?
In which year Sri Dev Suman University was established in Uttarakhand?
In which year, Kanungo was given the authority of Police Inspector and Patwari was given the authority of Sub Inspector?
Where was the 3rd G20 Finance Ministers and Central Bank Governors meeting held?
In which the following states the Heli ambulance medical service “Sanjeevani” has been kicked off?
When was the Uttarakhand Open University established?
India recently announced the launch of the Infrastructure Financing Bridge during the 12th Economic and Financial Dialogue (EFD). Which country joined I...
Which Indian space start-up recently launched the "ShakthiSAT" mission?
What is the earliest allowed period for premature redemption of Sovereign Gold Bonds?
Which country's U-23 football team won the AFC U-23 Asian Cup by defeating Uzbekistan in 2024?