Union Budget 2024

[Bapun]

The finance minister is expected to amend the finance bill to restore the indexation benefit for property acquired before 23 July 2024. This means taxpayers can choose between the new tax regime with a lower rate but no indexation, and the old regime with a higher rate but indexation benefits.

Relief for homeowners: Govt to restore indexation benefit for property

 

[rohitvatsa]

The finance minister is expected to amend the finance bill to restore the indexation benefit for property acquired before 23 July 2024. This means taxpayers can choose between the new tax regime with a lower rate but no indexation, and the old regime with a higher rate but indexation benefits.

Relief for homeowners: Govt to restore indexation benefit for property

Must be due to pressure from Netas who have major investment in real estate