property sale

Reintroduced indexation benefit for property disallows loss offsets, excludes NRIs and companies

by
Reintroduced indexation benefit for property disallows loss offsets, excludes NRIs and companies

The recent amendment to long-term capital gains (LTCG) tax on real estate has brought some respite to property owners. Those who acquired real estate before 23 July 2024 now have the option to choose between a lower tax rate without indexation or a higher rate with indexation. Property owners will have the option to pick … Read more

Furniture and fixtures can save you capital-gains tax and stamp duty. But only if you do it right.

by
Furniture and fixtures can save you capital-gains tax and stamp duty. But only if you do it right.

For the buyer, this meant stamp duty savings on the ₹16 lakh portion. It seemed like a win-win until the NRI tried transferring the sale amount to his US bank account. When an NRI wants to remit money abroad, they must obtain certificate 15CB from a chartered accountant (CA) to prove the source of funds; … Read more