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