Sir , I have decided to sell my residential property by executing agreement on 29th June 2024 , still waiting for registration to complete am I entitled for indexing or not for LTCG tax calculation.
Ans: Under the proposed changes in the budget, you may opt any of the options (in case of Long Term Capital Gains), as under :
(01). Tax Rate 12.50% without indexation OR
(02). Tax Rate of 20% in case of Indexation.
You may calculate your tax liability under both options & may opt for the tax regime, where tax liability is minimum.
Most welcome for any further clarifications. Thanks.