Tag: #LongTermCapitalGains

Property owners are permitted by the government to calculate their LTCG tax and make a lower tax payment.

August 7, 2024

NEW DELHI: On Tuesday, the government announced a major tax break option allowing homeowners who purchased homes before July 23, 2024, to select between two tax rates for long-term capital gains (LTCG) tax. The LTCG was supposed to drop from 20 to 12.5% in the Budget 2024–25, however the indexation advantages were eliminated. The revised […]

Property owners are permitted by the government to calculate their LTCG tax and make a lower tax payment.more

Tax benefits on investments in another home will still be available to joint owners of the current apartment: ITAT

April 9, 2024

MUMBAI: It is not unusual for a spouse’s name to appear on a flat title. Many people may find value in a recent ruling made by the Income-tax Appellate Tribunal’s (ITAT) Mumbai branch. The Income-tax (I-T) Act’s section 54-F, which deals with long-term capital gains, states that a spouse who co-owns an asset and then […]

Tax benefits on investments in another home will still be available to joint owners of the current apartment: ITATmore

Tag: #LongTermCapitalGains

Property owners are permitted by the government to calculate their LTCG tax and make a lower tax payment.

Tax benefits on investments in another home will still be available to joint owners of the current apartment: ITAT

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