No indexation for LTCG tax on property bought after July 23, 2024, is unfair; Will deter long term investment: View
The budget 2024 reduced tax rate on long term capital gains to 12.5% from 20% and removed the benefit of indexation. A later amendment of the LTCG tax rule allowed people to choose between two options for property bought before July 23, 2024: 20% tax rate with indexation benefit or 12.5% tax rate without the
