Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
LS passes Finance Bill
The Daily Guardian
|August 08, 2024
The Finance Bill 2024 was passed by Lok Sabha on Wednesday evening with a few amendments moved by the government.
-
Replying to the debate, Finance Minister Nirmala Sitharman said the approach of the government has been to bring greater simplification of tax laws and procedures and enable growth and employment in the country. She responded to points made by members.
The Finance Minister clarified that in real estate, the roll over provisions have not been withdrawn and are applicable.
She said if the capital gain in a property transaction is invested in buying another one or two properties up to a maximum value of Rs 10 crore, no capital gain tax is required to be paid on such profits.
Capital gains can also still be invested in bonds which are notified under Section 54 of the Income Tax Act up to a maximum of Rs 50 lakh annually and save on taxes.
To give relief on budget proposals, Sitharaman also moved an amendment in the Finance Bill on the changes in the capital gains tax on property transactions.
This story is from the August 08, 2024 edition of The Daily Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Daily Guardian
The Daily Guardian
Canada sees itself as stable critical minerals partner for India
Canada sees itself as a stable and consistent partner in supplying critical minerals and energy resources to India, as both countries work towards strengthening bilateral trade and economic cooperation, an official from Export Development Canada (EDC) said.
2 mins
February 27, 2026
The Daily Guardian
NORTH KOREA WARNS IT COULD DESTROY SOUTH IF THREATENED
North Korean leader Kim Jong Un claimed his nuclear-armed country could “completely destroy” South Korea if its security were threatened, reiterating his refusal to engage with Seoul, state media said Thursday.
2 mins
February 27, 2026
The Daily Guardian
Railways unveils RailTech Policy, digitises Claims Tribunal
In a major step towards technology-driven governance and innovation-led transformation, the Union Minister for Railways on Thursday announced two key reforms under Indian Railways' flagship “52 Reforms in 52 Weeks” programme — the introduction of the RailTech Policy and the full digitisation of the Railway Claims Tribunal (RCT).
2 mins
February 27, 2026
The Daily Guardian
DGCA allows free ticket changes within 48 hours of booking
In good news for air travellers, the Directorate General of Civil Aviation (DGCA) has revised refund norms, allowing passengers to cancel or modify tickets within 48 hours of booking without additional charges, subject to conditions.
1 mins
February 27, 2026
The Daily Guardian
Assam Cong reels from defections, discord ahead of 2026 polls
With the Assam Assembly elections due in early April, the Indian National Congress is facing one of its most difficult phases in the state.
2 mins
February 27, 2026
The Daily Guardian
Colour Without Damage: Holi's Checklist for Healthy Skin
Holi is a festival of happiness, colours and togetherness.
2 mins
February 27, 2026
The Daily Guardian
Rahul, Priyanka lay foundation stone of houses for Wayanad landslide victims’ families
Almost after one and half year of the July 31, 2024 landlslide in Kerala’s Wayanad, Leader of Opposition in the Lok Sabha Rahul Gandhi on Thursday laid the foundation stone for houses that are built for the victim families of the tragedy by the Congress.
2 mins
February 27, 2026
The Daily Guardian
BHOOL BHULAIYA: THE TWISTY MAZE OF LUCKNOW
Inside the historic Bara Imambara in Lucknow lies the Bhool Bhulaiya, a maze of narrow, winding passageways that has puzzled visitors for centuries.
3 mins
February 27, 2026
The Daily Guardian
B'desh horror: 25-year-old attacked while returning from religious event
In another alleged attack on a minority community member in Bangladesh, a 25-year-old Hindu woman — mother of a three-year-old girl — was reportedly gang-raped by at least three men while returning from a kirtan ceremony in the Tazumuddin sub-district of Bhola district on 22 February.
1 mins
February 27, 2026
The Daily Guardian
WHAT SCIENCE SAYS IS THE IDEAL SHOWER TEMPERATURE FOR SKIN, MOOD HEALTH
Choosing the right shower temperature might seem like a matter of simple preference, but experts say it can have surprising effects on your skin, mood, cireula-tion and overall wellness.
2 mins
February 27, 2026
Listen
Translate
Change font size