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Who can avail the indexation benefit in property sale and is it even worth it?
  • Personal Finance

Who can avail the indexation benefit in property sale and is it even worth it?

TheSpuzz Desk2 months ago012 mins

Source: Live Mint Following concerns that this could increase the tax liability for real estate investors, the government introduced a grandfathering clause to allow indexation on properties bought before 23 July 2024—the day the budget was presented. Under the clause, if the new 12.5% tax rate results in a higher liability than the previous 20%…

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Selling agricultural land remains tax-free. But there is a catch
  • Personal Finance

Selling agricultural land remains tax-free. But there is a catch

TheSpuzz Desk4 months ago07 mins

Source: Live Mint So, what exactly makes land ‘rural’ in the eyes of the taxman? The answer lies in a set of specific conditions that could mean the difference between zero tax and a hefty capital gains bill. What is rural agricultural land? To be considered rural agricultural land, the property must not be located…

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