يحاول ذهب - حر
WELCOME MOVE TO BRING BACK INDEXATION WHEN TAXING PROPERTY
August 08, 2024
|The New Indian Express
Heeding the growing chorus of resentment on long term capital gains (LTCG) tax on unlisted assets, particularly property, Finance Minister Nirmala Sitharaman has rightly decided to amend the Budget proposals to provide a flexible option for calculating LTCG tax.
-
For assets such as land or buildings acquired before July 23, taxpayers can now choose between the new and old regimes based on the benefits. Under the new proposals, tax on capital gains was reduced to 12.5 percent from 20 percent; but the adjustment for inflation-known as indexation— was done away with for properties bought after 2001. Indexation allowed capital gains to be calculated lower by deducting inflation's impact on the price since the time the property was bought. This translated into 20 percent higher tax on properties purchased before 2010.
هذه القصة من طبعة August 08, 2024 من The New Indian Express.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express
The New Indian Express Chennai
Natural Vs Conventional: Study finds new social structure in farming practices
NATURAL farming is class and caste specific, with no substantial benefits in terms of monetary gain or dietary diversity compared to conventional farming.
2 mins
October 04, 2025
The New Indian Express Chennai
Dead Beat: How to Make Leather Sing!
(Antony Sowriyar in conversation with TM Krishna and Praveen Sparsh)
1 mins
October 04, 2025
The New Indian Express Chennai
KUMKI 2 TO HIT THEATRES NEXT MOΝΤΗ
DAYS after unveiling the first look, the makers of director Prabu Solomon's Kumki 2 announced that the film will release in theatres on November 14, on the occasion of Children's Day.
1 min
October 04, 2025
The New Indian Express Chennai
Rhythms of the lesser known
HE audience was in for a musical treat not a performance, but an in-depth journey into the making of the traditional musical instrument of south India itself.
1 mins
October 04, 2025
The New Indian Express Chennai
TILLY TELLS TALES FROM NEAR FUTURE
TWO giant strides in the artificial intelligence industry one achieved, another threatened-are rekindling existential anxieties.
3 mins
October 04, 2025
The New Indian Express Chennai
Rivers swell in Chamoli in post-monsoon deluge
POST-monsoon rains lashing Uttarakhand's Chamoli district have led to a significant rise in the Alaknanda and Pindar rivers at Karnaprayag, causing widespread waterlogging and disruption.
1 mins
October 04, 2025
The New Indian Express Chennai
Edappadi accuses Stalin of 'selective sympathy' to reap political gains
AIADMK general secretary Edappadi K Palaniswami on Friday accused Chief Minister MK Stalin of playing politics over the Karur tragedy, stating that he (CM) did not bother to comfort the victims of the Kallakurichi hooch tragedy last year, but visited Karur victims overnight only because of the upcoming Assembly elections.
1 mins
October 04, 2025
The New Indian Express Chennai
Arulnithi's next titled Rambo
ON Friday, the streaming platform Sun Nxt released the title, first look, and release date of Arulnithi-Muthaiya's upcoming film.
1 min
October 04, 2025
The New Indian Express Chennai
'No provisions': Pilots can't be in AI Ahmedabad crash probe committee
THE Aircraft Accident Investigation Bureau (AAIB) has informed a leading pilot body, the Airline Pilots' Association of India (ALPA INDIA), that it would not be possible to include pilots in the ongoing final probe into the AI 171 crash at Ahmedabad.
1 mins
October 04, 2025
The New Indian Express Chennai
Scrapped comps to be donated to govt schools
THE Centre has found a way to reduce the stash of old computers and laptops in government offices, as the usable machines declared scrapped will be donated to state-run schools and other educational institutions.
1 mins
October 04, 2025
Listen
Translate
Change font size