In the Budget 2024 and subsequent amendments on LTCG on Property, my query is that how to calculate on Long Term Capital Gains on Property when 2 properties were sold, because FM have given 2 options, 20% tax with indexation or 12.5% tax indexation.
For example: Property A purchased 15 years ago and Property B purchased 5 years ago were sold in August, 2024. For property A, LTCG Tax is less when calculated with indexation and for Property B, LTCG Tax is less when calculated without indexation.
In this situation, can we take advantage of calculating different options for calculating LTCG Tax or both the properties should be calculated with either of the options.
Another doubt is that any limit on sale of properties in a financial year.
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