Govt to roll back removal of indexation benefit on real estate, allow taxpayers option to choose

Government has moved an amendment to allow taxpayers to avail either 12.5% LTCG tax without indexation or 20% with indexation, reports said. This will be applicable on properties acquired prior to July 23. In Budget 2024, LTCG tax on real estate transactions was slashed from 20% to 12.5%, but indexation benefit on properties bought in and after 2001 was removed.