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Budget 2024 shake-up: How new rules impact homebuyers, property investors and developers

adminJuly 30, 202405 mins

The latest budget has significantly altered the real estate landscape, with diverse impacts across various market segments. Long-term property investors face reduced returns due to the withdrawal of indexation benefits, while first-time homebuyers might benefit from more stable prices. Developers, particularly those in the affordable housing sector, may experience growth despite increased project costs. The…

Taxes increased because…: Finance Minister Nirmala Sitharaman opens up on Budget 2024

adminJuly 26, 202404 mins

Finance Minister Nirmala Sitharaman has defended the recent tax increases, saying that the government does not want more money and rather wants to ensure a uniform treatment of all asset classes. “Taxes have not been increased because I want more money… The decision is based on the idea that every asset class has to be…

Budget 2024: Taxation related to capital gains in equity market transactions will affect you— THIS is how

adminJuly 25, 202409 mins

Finance Minister Nirmala Sitharaman has proposed drastic changes in capital gains taxation. This article will discuss budget proposals related to the taxation of equity market transactions. Increase in the tax rate and enhanced tax-free amount of long-term capital gains Presently, the profits on the sale of listed shares and units of equity-oriented schemes of mutual…

Budget 2024: Investing in real estate? Check how income tax amendments can affect your property transactions

adminJuly 24, 202409 mins

Budget 2024: In the Union Budget 2024 tabled in the Lok Sabha on Tuesday, Finance Minister Nirmala Sitharaman proposed some amendments to the income tax laws, which will have far-reaching implications for real estate transactions. Let us discuss them. Removal of indexation benefits Your investment in real estate becomes long-term after you have held the…

Budget 2024: Govt attempts to make new tax regime more attractive with a slew of sops. Is old regime out of favour?

adminJuly 24, 202406 mins

The Union Budget 2024 endorses the government’s policy of an apparent tilt to the New Tax Regime over the previous one, as evident from a slew of efforts to make it a more attractive proposition for taxpayers. The government’s push for the New Tax Regime became evident last year when the income threshold limit for…