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Maroc Maroc - Times of India - Top Stories - 02/Aug 06:48

LTCG tax: Higher tax rate with indexation benefits on cards?

The Modi government's Union Budget 2024 proposed reducing the LTCG tax on property to 12.5% and eliminating indexation for post-April 2001 purchases. Industry groups are suggesting a gradual shift and options for higher tax rates with indexation. The finance ministry is reviewing these proposals.

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