03/07/2025
๐ข Capital Gains Tax: Big Changes Ahead!
Budget 2024 removed indexation benefits for property sales. Hereโs what it means for you:
โ
LTCG tax for property purchased before 23 July 2024:
๐น 20% with indexation (old rule)
๐น 12.5% without indexation (new rule)
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Lower of the two tax amounts applies.
โ
Loss set-off allowed ONLY without indexation.
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Grandfathering applies till 23 July 2024.
๐ก Indexation still helps neutralize inflation impact on gains โ but know when itโs allowed.
Check real-world examples to see how much you save! ๐