Tax relief for property sales: Choose between 12.5% flat rate or 20% indexed, proposes central government – Times of India

Tax relief for property sales: Choose between 12.5% flat rate or 20% indexed, proposes central government – Times of India



Main reduction has been proposed by the central authorities within the taxation of immovable property transactions.
Below this proposal, taxpayers have the flexibleness to calculate their taxes utilizing two strategies: the brand new scheme, which imposes a 12.5% tax fee with out indexation, and the outdated scheme, which applies a 20% tax fee with indexation advantages. Taxpayers can then select to pay the decrease of the 2 calculated tax quantities, offering them with the chance to optimize their tax legal responsibility primarily based on their particular circumstances.







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