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No indexation for LTCG tax on property bought after July 23, 2024, is unfair; Will deter long term investment: View

By Economic Times - 3 months ago
The amendment tabled in the finance bill is a welcome move as it will provide an option to choose between LTCG tax of 20% with indexation or 12.5% without indexation for property. It would encourage honest tax payment, long-term investment and fair play. However, removal of indexation benefit for properties bought after July 23, 2024 and other Long Term Assets classes must be revisited. Here's why.

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