Capital gain tax after 23 jul 2024
This query is : Resolved
28 April 2025
In case of long term capital gain. From 23 jul 2024 to get full exemption of long term capital gain, amount needs to invest us 54/54EC is sale consideration minus cost of acquisition. Here indexed cost of acquisition benefit will not get. Because second proviso to section 48 says indexed cost is available only asset transfer takes place before 23 July 2024.
Only while calculating tax liability we can choose the option to pay tax @ 12.5 without index or 20% with index
Is this correct ?
Only while calculating tax liability we can choose the option to pay tax @ 12.5 without index or 20% with index
Is this correct ?
28 April 2025
Yes, correct. (only in case of resident individuals and resident HUFs)
28 April 2025
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