Wednesday, January 29, 2025

Income tax relief on Capital Gains Deposit Scheme: Can Budget 2025 offer clarity to taxpayers to easily claim exemption on LTCG of house sale?

Taxpayers should remember that tax-saving exemptions on capital gains are available on long-term capital gains (LTCG) only. No exemptions are available if the capital gains are short-term in nature.

from Tax-Wealth-Economic Times https://ift.tt/lVqgUSi

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