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Capital gain tax after 23 jul 2024

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(Querist)
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 ?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
28 April 2025 Yes, correct. (only in case of resident individuals and resident HUFs)
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Krishna

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Krishna (Querist)
28 April 2025 ok thank you sir.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
28 April 2025 You are welcome.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
28 September 2025 Good luck.....
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