Income Tax

How Rs 10 Crore Capital Gains Deduction Limit Will Lessen Luxury Property Deals

How Rs 10 Crore Capital Gains Deduction Limit Will Lessen Luxury Property Deals

Listen To The Article The budget decision to limit the deduction from capital gains on investment in residential property under Sections 54 and 54F to Rs 10 crore is likely to dampen demand for super-luxury real estate. Sections 54 and 54F of the Income Tax Act of 1961 apply to long-term capital gains (LTCG) on selling capital assets such as homes, equity, bonds, and gold and their...

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