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Indexation Benefits
does option of taking or not taking indexation benefit available in case of trf of immovable asset...?
Replies (4)
NO...
The option of paying tax at 10% without indexation is only available in the case of financial assets like mutual funds and the like
it is not available in the case of immovable property –
for property, immoveable Assets, the tax has to be calculated at 20.8% post indexation.
it is not available in the case of immovable property –
for property, immoveable Assets, the tax has to be calculated at 20.8% post indexation.
I also agree to the experts, indexation applicable in case of ltcg for immovable property only.
Indexation is applicable for certain moveable assets also........ such as gold, Jewellery, silver utensils, debt mutual funds (MF) etc.
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