Government’s Big Relief For Homeowners: The central government is going to provide relief to homeowners who are frustrated with the removal of indexation benefit on real estate. In the Union Budget 2024, Finance Minister Nirmala Sitharaman made several important announcements related to tax. One of the important changes was also regarding real estate transactions. These changes included removal of indexation benefit and reduction of LTCG tax from 20% to 12.5%. Now the government has introduced amendments in the Finance Bill to give two options to taxpayers under the Long Term Capital Gains (LTCG) regime…
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