Direct Tax

Introduction: Indexation benefits have long been a cornerstone of the Indian tax system, offering property owners a method to adjust the purchase price of their assets for inflation and thus reduce their taxable gains. The recent Union Budget 2024-25, however, has brought significant changes by removing these benefits for properties purchased from 2001 onwards. This…

On July 23, 2024, Finance Minister Nirmala Sitharaman presented the Union Budget for the seventh time, unveiling a slew of tax reforms aimed at bolstering revenue streams while fostering growth in the Indian economy. Central to the budget were amendments in direct taxation that significantly impact equity markets and investors alike. Let’s delve into the…