Now, individuals or HUFs can opt to pay LTCG tax under the new scheme without indexation or claim the indexation benefit.
Nirmala Sitharaman presenting the Union budget.
Finance Minister Nirmala Sitharaman has said that the contentious LTCG tax proposal on real estate is being amended to give the option to taxpayers to compute tax liability under the old system or at reduced rates without indexation and pay the lower of the two.Replying to a debate on the Finance Bill, the Finance Minister said the rollover benefit will be available to taxpayers who buy new immovable property utilising the capital gains on the sale of old property.