Modi Government Revises LTCG Tax Rules For Properties: Indexation Back? New LTCG Rules Explained

In a huge relief for homeowners, the government decided to provide some flexibility for the LTCG or the long term capital gains tax on properties. In the Budget 2024, the government removed the indexation benefit for immovable properties but slashed the LTCG from 20% to 12.5% which it says is beneficial for most homebuyers. However this triggered a backlash from the real estate players and also the opposition.

#ltcg #newtax #nirmalasitharaman #stockmarket #realestate #tax #etnow #etnownews #topnews

0:00 Introduction
0:36 Opposition's Remarks
2:42 What Is Indexation?
2:56 New LTCG Rules Explained

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[sudeepwig]

Shows immaturity of the FM and the Government….

[parthibank]

It clearly shows that FM has not consulted people on the issue.
This is just after thought, when even ruling party people pointed out that this will affect common man.

[anildwh]

One of the Wrost FM in India and she is back door FM she didn't participated in elections

[sarcasticmallu_]

She says she wants to simplify tax, and she herself complicates the same! Wah Nirmalaji Wah!

[Sathyameva__jayathe]

Please consider to avoid GST on health insurance 🙏🙏🙏

[devapriyafarms]

LTCG on equity earning is not acceptable.While purchasing we pay multiple taxes and by the time we book profit after few years you are charged again 12.5%, and what about earnings loosing it's shine over the years because of inflation. Inspite of staunch supporter of B.J.P all my life I hate them for this anti middle class move.😢

[bhravikiran]

First time I must thank Opposition for helping the common people.

[vankadarumohanrao]

At the same time, we appreciate if the FM reverse the LTCG increase in shares and Mutual Funds.

[jayasimhamb]

She is absolutely arrogant.. it’s not because of people - it’s because of real estate companies; if she is hearing people, then income tax & gst on insurance etc should have been revoked; she is just fooling people once again - disgusting

[muckadackalmathew]

Don't India have a knowledgable person to make a National budget ? Adhani made an unproffessional budget which needed to prepare many mini budget ! This shows India is 1000 years behind in Science, technology, economics and finance . Shame to Hindustan and BJP ! Jai Hind !

[sanskarkhandelwal]

Even the government is confused with their policies, how will investors trust them 😢

[maheshadvani]

Big Charity by Nirmala sitharaman
Now for gst relief on Mediclaim and Life insurance she is hiding behind GST council
This proves that our FM is incapable of taking independent decisions 😂

[sureshnambiarpt]

it is available to only those who had property before presentation of budget. No benefits for those who invest or purchase residential Property will continue pay at new proposed rate of 12.5% and NO INDEXATION benefits will be available 😢

[baskarbs]

Please tell me I purchased site in 1995 for 35000 but sold it on 1.7.24.If I go for 20 percent I get no profit.Can I opt for 12 half percent.I want to know whether I have option

[baskarbs]

I purchased a 30 x 40 feet plot in 1995 for a very low price and sold it on 1st July 24.for very high price. Whether can I go for 12 half percent.Because indexation not benefits me Whether I have option

[plsingh]

Pehli baar opposition ne proper tarike se logoan ki problem highlight kee

[sanjaymukherjee]

It's not sold before 23 July.... It would be purchased before 23 July

[santanodcosta]

Why LTCG not reduced to 10% on mutual funds?

[prashanthvi]

seems the indexation benefit on LTCG is available only for resident tax payer and HUFs. For NRIs they dont get indexation benefit and have to pay 12.5% on sale price - original purchase price.

[prathibhamechineni]

This is definitely not simplication. To collect more tax.. No transparancy/accountability on the amount of tax paid by common people. Disappointing move.