Budget 2024: Government Proposes To Remove Indexation Benefit On Sale Of Old Property
New Delhi: The government on Tuesday proposed reducing the long-term capital gains (LTCG) tax on immovable properties to 12.5 per cent from 20 per cent, but removed the indexation benefits to adjust for inflation, a move experts termed as “negative” for sellers. As per the Memorandum to the Union Budget, with rationalisation of rate to…