Thu, Jul 25, 2024
Before the Budget 2024 was announced, the tax code had the indexation provision for property sellers in India. According to that, they would adjust a property's purchase price to reflect inflation's effect on it. So, if inflation outpaced the rise in the property's value or if the property lost its value over years, the property holder would claim a capital loss in their ITR return.
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Thu, Feb 01, 2018
Long-term capital gains tax on gains arising from the transfer of listed equity shares exceeding Rs 1 Lakh was kept at 10%
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