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Maroc Maroc - Times of India - Top Stories - 23/Jul 22:22

Indexation gone. How about selling old house and buying a new one?

Inflation is no longer your best friend if you plan to sell a property. For years, Indians had the option of reducing tax on profit made from selling a house by making use of what is called 'indexation benefit'. It allowed the difference between purchase and sale price of a house (profit) to be reduced by the inflation rate that prevailed during the time property was owned.

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