Indexation Benefit Applicable for NRIs after Budget 2024 Amendment?

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In this video, we break down the latest amendment to the Long-Term Capital Gains (LTCG) tax rules for real estate in India, effective from 23 July 2024. Key points covered:

New LTCG tax rates: 12.5% without indexation vs. 20% with indexation
Options available for properties acquired before 23 July 2024
Exclusion of NRIs, companies, and LLPs from the new benefits
Challenges faced by NRI property sellers in India
Impact on real estate transactions and pricing

We also discuss:

Why this exclusion likely isn't a mistake
The complexities NRIs face with TDS and remittance
Brief mention of ways to lower TDS rates (link to full video in description)

00:00 introduction
00:33 Breaking News
01:44 Limitations

Whether you're a resident Indian, an NRI, or just interested in Indian real estate tax laws, this video provides crucial information for understanding the new LTCG tax landscape.

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Disclaimer: This video is for educational purposes only and does not constitute financial or legal advice. Please consult with a professional advisor for your specific situation.