Budget 2024: Planning to sell a property bought after 2001? Here are 7 things that you should know | Hindustan Times
If you bought a property in or after 2001 and plan to sell it now, you may find yourself paying more tax, especially after the new proposals introduced on July 23. Budget 2024. has reduced tax rates on capital gains earned from sale of house properties held for long term, but has removed the indexation benefit available to taxpayers. The long-term capital gains (LTCG) has been reduced from 20% with indexation benefit to 12.5% without indexation for the real estate sector.
