8th August, 2024: The government’s recent revision of the long-term capital gains (LTCG) tax policy on real estate has sparked significant interest and debate within the industry. The updated policy aims to streamline taxation rules for property transactions, potentially impacting both investors and homeowners. This revision is seen as a move towards enhancing transparency and efficiency in the real estate sector while aligning with broader…
Government Revises Long-Term Capital Gains Tax Policy: Implications and Reactions
8th August, 2024: In a recent move, the government has announced significant changes regarding the long-term capital gains (LTCG) tax, aiming to redefine the taxation framework for investors. This decision comes amidst a backdrop of economic considerations and aims to balance revenue generation with investor sentiments. The new policy includes revisions to the LTCG tax structure, which has garnered attention and mixed reactions from various…