[ad_1] In response, the government partially restored the benefits to a segment of taxpayers. However, as the FM has promised re-visiting and simplifying the entire structure of direct taxes, it is worth taking a closer look at these issues. Indexation in capital gains was first introduced in the 1992-93 Budget, when the FM then had…
[ad_1] In the Union budget for 2024-25, among the 85 proposed amendments in the Finance (No. 2) Bill, 2024, the revision concerning the taxability of long-term capital gains (LTCG) from the sale of immovable property, effective 23 July 2024, has garnered significant attention. This piece deciphers the complexities of this critical budget amendment, offering practical…
[ad_1] The budget has delivered a rude shock to most taxpayers. In the guise of rationalization of the capital gains provisions, there has been a significant increase in capital gains tax liability in most cases. Relatively straightforward is the increase in the rate of tax on long-term capital gains and short-term capital gains on listed…
