Indexation benefit – the devil is in the details

The finance bill presented in July 2024 has proposed doing away with the indexation benefit for properties purchased after 2001, while reducing the long-term capital gains tax from 20% to 12.5%. This has stirred quite a bit of anxiety and debate.

Indexation benefit provided a sort of revaluation of the property to account for inflation between the date of purchase and the date of sale.

Please click here to read the full article by Raj Ramachandran, published in ET Edge – Insight.