Finance Bill 2024: Nirmala Sitharaman proposes amendments to LTCG tax provision on immovable properties

Finance Bill 2024: Union Finance Minister Nirmala Sitharaman today (August 7) said the contentious Long Term Capital Gains (LTCG) tax proposal on real estate is being amended to give the option to taxpayers to compute tax liability under the old system or at reduced rates without indexation, and pay the lower of the two.