Taxation on Sale of Immovable Property-Section 112 of Income Tax Act Simplified!
If you’re planning to sell a house, a flat, a plot of land, or any immovable property — the Income Tax department has a surprise for you. The Finance (No. 2) Act, 2024 has changed the way long-term capital gains (LTCG) on property sales are taxed. Section 112 of the Income Tax Act holds the … Read more