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Podcast: In Focus by The Hindu
Episode: How will removal of indexation in LTCG tax calculation impact ordinary investors? | In Focus podcast
Description: The Union Budget has announced several changes to the tax regime for Long-term Capital Gains. The most controversial of them is the removal of indexation benefit for the calculation of long-term capital gains (LTCGs), which could have implications for tax obligations in real estate transactions.Many now fear that the tax obligations of ordinary investors will shoot up, that black money will flood into real estate as sellers seek to lower the paper value of the transaction, and that investors will now prefer short-term holdings rather than lobg-term ones.Are these apprehensions valid? What do...