LTCG after 24 july 2024

This discussion explores how to apply the basic exemption limit to Long Term Capital Gains (LTCG) calculated with and without indexation, specifically concerning relief under the second proviso to Section 112. It highlights a potential discrepancy in tax calculations, where the basic exemption limit seems to be ignored when calculating differential tax, leading to higher tax liabilities for individuals with no other income. Suggestions include checking the ITR utility and filing a grievance if the calculation deviates from the rules.