New rules on capital gain tax announced on 23 Jul 2024 applicable date
This query is : Resolved
27 July 2024
Is the new rules on capital gain tax announced on 23 Jul 2024 applicable to
property transfer made on or before 22 Jul 2024 but after 01 April 2024.
property transfer made on or before 22 Jul 2024 but after 01 April 2024.
27 July 2024
No.
The new provisions for taxation of capital gains come into force from 23.7.2024 and shall apply to any transfer made on or after 23.7.2024.
The new provisions for taxation of capital gains come into force from 23.7.2024 and shall apply to any transfer made on or after 23.7.2024.
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