We all know that Finance Minister have announced Finance Act 2024. On 23rd July She announced numerous tax updates where Sale of Immovable Property also a part. According to that, Any Immovable Property sold after 23rd July 2024 does not have indexation benefit and taxed at 12.5%. Now I want to know whether there any option for assessee to opt for 20% rate or to go with this new one. Because numerous sources talked about this second option too. Please clarify.
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Indexation on Sale of Immovable Property
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Quick Summary
" ....... Any Immovable Property sold after 23rd July 2024 does have indexation benefit and taxed at 12.5%. ..... " ????
Can you justify your statement with any authentic source !!
Indexation on sale of immovable property is required a
When indexation on house property under sale can be permitted?
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