Capital gain on flat sale by nri, rate is 12.5% wo indexation or 20% with indexation?

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Kunjan (Querist)
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13 November 2024 what is capital gain tax rate on flat sale by nri? Is it 12.5% without indexation or 20% with indexation?

my ivew--> only 12.5% wo indexation as per section 115E (b)ii
am i wrong?

Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
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13 November 2024 You are correct; applicable for property purchased on or after 23.07. 2024.
For properties acquired before July 23, 2024, and sold on or after this date, LTCG tax will be calculated based on lower of 20% with indexation or 12.5% without indexation.

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