The real estate sector expresses concern over proposed elimination of long-term capital gains indexation benefits, seeing it as a potential hindrance to expansion and increased tax burdens.
This article explores capital gains tax on land sales, calculations, and exemptions under Section 54F, Capital Gains Account Scheme, and tax-saving bonds like REC.
The revised Direct Tax Code draft released on June 15 aims to simplify income tax laws, affecting short-term and long-term capital gains, rental income, and home loan interest rates.