Tag: #RealEstateTax

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

Key date of residence for tax benefits: ITAT

May 25, 2024

MUMBAI: The Mumbai bench of the Income-tax Appellate Tribunal (ITAT) has concluded recently that, in the instance of an under-construction property, the date of possession is what counts toward qualifying for a tax advantage under section 54 of the Income-tax (I-T) Act. This decision is significant because it establishes a deadline for making an investment […]

Key date of residence for tax benefits: ITATmore

Tag: #RealEstateTax

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

Key date of residence for tax benefits: ITAT

Sign Up for our Free Newsletter