Whether exemption of Rs. 1,25,000/- in LTCG, is available in the New Tax Regime in f.y 2024-25 (a.y. 2025-26)?
Replies (2)
Quick Summary
This discussion clarifies the availability of the Rs. 1.25 Lakh exemption on Long Term Capital Gains (LTCG) within the New Tax Regime for the financial year 2024-25. The exemption is expected to be applicable, provided the relevant bill successfully passes through both houses of Parliament. Once approved, it will be implemented according to established norms.