Capital Gains Tax On Property Sale, Relief for Property Owners
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After the Finance Bill 2024 amendment, the government has provided significant relief to property (land or building or both) owners for capital gains tax on property sale who have acquired property before July 23, 2024, by offering a choice between two options for long-term capital gains (LTCG) tax on property.
Property owners can now choose between a 20% LTCG tax with indexation or a 12.5% LTCG tax without indexation. Read more
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