NEW DELHI: The cost of acquisition of real estate properties purchased before 2001 will be the fair market value (FMV, not exceeding the stamp duty value) as of April 1, 2001, or the actual cost of the land or building for the purpose of calculation of long-term capital gains (LTCG) tax, the I-T department has …
Experts say the proposed LTCG tax norms could be advantageous or disadvantageous to those who sell real estate, depending on the situation. 5 min read Last Updated : Jul 24 2024 | 11:19 PM IST The Union Budget on Tuesday proposed to change the long-term capital gains (LTCG) tax rate on the sale of …
Budget 2024: In a shock to investors, Finance Minister Nirmala Sitharaman, in her presentation of the Union Budget for FY 2024-25, announced several key tax changes impacting capital gains and trading activities. FM announced that the long-term capital gains tax rate on all financial and non-financial assets will rise from 10% to 12.5%, with an …
Budget 2024: Following the Budget 2024 presentation on Tuesday, July 23, the Indian market closed slightly negative, marking a movement of less than one percent for the third consecutive budget day session. The day saw significant volatility as investors reacted to the budget announcements, particularly the changes in capital gains tax. The market was evidently …
Helios Capital founder Samir Arora’s proposal to scrap long-term capital gains (LTCG) tax in India has sparked a war on words with Rajeev Mantri, managing director of venture investment firm Navam Capital, who strongly opposed it, calling it a ‘laughable idea’. Earlier today, Arora began the discussion on microblogging platform ‘X’ saying that even though …