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New rules on capital gain tax announced on 23 Jul 2024 applicable date

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(Querist)
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.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
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.
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