Is indexation available on hybrid, gold, and international mutual fund? So why should you pay income tax on long-term capital gains without factoring in inflation? With the help of indexation, one can lower the Long-Term Capital Gain ( LTCG ) and corresponding tax applicable on it at the time of sale of such capital asset," says Daizy Chawla, Managing Partner, S&A Law Offices.So, you must use indexation to your advantage and pay a lower long-term capital gains tax. However, do note that this benefit is not available for every capital asset.As per income tax laws, the indexation benefit is only available for long-term gains from capital assets. Now indexation benefits can be claimed on these expenses on renovations while selling their property.

Source: Economic Times June 22, 2024 14:10 UTC