Revenue Secretary explains how removal of indexation will only benefit most property sellers, not hurt the

There is a substantial degree of unease among Indian investors over the changes to capital gains tax made in Budget, particularly the ones pertaining to the real estate sector..

In view of rising investor apprehensions, Revenue Secretary Sanjay Malhotra told ToI that the govt was not eyeing any revenue gains from the changes in capital gains tax on real estate...

It may be noted here that Budget 2024 removed the indexation benefit hitherto applicable to property sale..

Till now, LTCG on property sale was being taxed at 20% with indexation benefit..

With respect to the comprehensive review of the income tax law promised by Finance minister Nirmala Sitharaman, the Secretary said that the exercise was completed and that many of its provisions have been incorporated already...