LTCG hike, indexation changes not done for revenue considerations, but to simplify & make sure all asset classes are treated similarly: FM

July 25, 2024

Finance Minister Nirmala Sitharaman explained that the new 12.5% long-term capital gains tax would cost less without indexation. She highlighted middle-class benefits, including increased standard deductions and subsidies on student loans and housing. She denied political favoritism in budget allocations and affirmed the government’s commitment to anti-corruption measures. Sitharaman urged people to consult the CBDT’s clarifications.

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