Capital gain after 23rd July 2024

ITR 344 views 3 replies

Assessee is NRI, sold right of immovable property acquired on 2012 for 75lakhs at Jaypee builder construction but the construction not done and sold the right on 1 December 2025 for 80 lakhs, Assessee should get indexation benifit and benifit of long term capital loss.

ITR is not allowing indexation benifit and by default taking 12.5% tax rate without giving option of 20% with indexation so that assessee can get the benifit of loss. 

Replies (3)

All the assets other than the land and building are not allowed indexation after July 2025. Not even 'Right in any property', so the ITR utility is correct for the same.

If there would be any land or building sale same scenario. 

No, if acquired before July, 2025.


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