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Budget 2020: Will scrapping of LTCG tax benefit real estate sector?

Updated : January 29, 2020 06:01 PM IST

Currently, property owners pay 30 percent capital gains tax on sale of property if the gains are not reinvested in real estate within three years.
To save on LTCG tax, most of the investors have been investing their gains (not exceeding Rs 2 crore) into either one or two properties.
The proceeds from the sale of properties are remaining within the sector, as the investors get tax incentive for reinvesting.
Budget 2020: Will scrapping of LTCG tax benefit real estate sector?

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