LTCG tax on the sale of the house at 12.5%: If a taxpayer has sold the home on or before July 22, 2024, and put the money in a Capital Gains Scheme Account (CAGS), then they need to invest the money in a new residential house before the expiry of the deadline. Otherwise, the indexed long-term capital gains will be taxed at 20% instead of 12.5%. Read The Rest at :
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