Pennsylvania Housing Finance Agency ’s Post

🚨 CNBCTV18 Newsbreak Confirmed | Govt moves an amendment to provide relief for real estate under LTCG regime - Govt to allow taxpayers to avail either a lower rate of 12.5% without indexation or a higher 20% rate with indexation if the property is acquired before July 23, 2024 - Relief proposed in respect of taxation of immovable property: In the case of the transfer of a long-term capital asset, being land or building or both, by an individual or HuF, which is acquired before July 23, 2024, the taxpayer can compute their taxes under the new scheme [@ 12.5% without indexation] and old scheme [@ 20% with indexation] and pay such tax which is lower of the two.

#CNBCTV18newsbreak confirmed 🚨| Govt moves amendment to provide relief for real estate under LTCG regime The government is set to allow taxpayers to avail either a lower rate of 12.5% without indexation or a higher rate of 20% with indexation, if property is acquired prior to July 23, 2024. The relief is proposed in respect of the taxation of immovable property: In the case of transfer of a long-term capital asset, being land or building or both, by an individual or HuF, which is acquired before the 23rd day of July, 2024, the taxpayer can compute his taxes under the new scheme [@12.5% without indexation] and old scheme [@20% with indexation] and pay such tax which is lower of the two. What your views on this ⁉️ #LTCG #indexation #RealEstate #Financebill2024

Budget proposal on LTCG Indexation for Real Estate revised   Government proposes amendment in finance bill Tax payer to get two options For properties acquired on or before 23rd July, taxpayers can choose new (12.5%) or old method (20% with indexation). Whichever is lower

🚨🚨#CNBCTV18Newsbreak Confirmed |  Govt moves an amendment to provide relief for real estate under LTCG regime ◾️ Govt to allow taxpayers to avail either a lower rate of 12.5% without indexation or a higher 20% rate with indexation if the property is acquired before July 23, 2024 ◾️ Relief proposed in respect of taxation of immovable property: In the case of the transfer of a long-term capital asset, being land or building or both, by an individual or HuF, which is acquired before July 23, 2024, the taxpayer can compute their taxes under the new scheme [@ 12.5% without indexation] and old scheme [@ 20% with indexation] and pay such tax which is lower of the two

**Key super rates and thresholds FY 2024/25** The ATO has officially released figures for tax rates, caps and thresholds. See below. SGC - 11.5% CC cap - $30,000 NCC Cap - $120,000 Bring Forward NCC - $360,000 Government Co Contribution Income Threshold - $45,400 to $60,400 #financialplanning #paraplanning #financialadvisers #superannuation #ato #financeandeconomy

Breaking news : Government provides relief for real estate under the LTCG scheme : Centre brings in amendment to allow taxpayers select either a 12.5% long-term capital gains tax rate without indexation or a 20% rate with indexation for property acquired before July 23, 2024. I have always felt the withdrawal of indexation as one of the biggest drawbacks in the recent budget for common people. Thankful to CA Raghav Chadha for bringing up this issue in the parliament. Hopefully this will be a big relief to the real estate sector and common public in general. This amendment will be really beneficial for investors. #budget #Budget2024 #taxation #Taxpayers

Budget update part 1 New Section 74A has been inserted to provide a mechanism of demand and recovery under GST to be applicable from the financial year 2024-25. This section aims to provide a common mechanism and time-lines for issuing notice and order for proceedings in case of malafide (i.e. fraud, misrepresentation of facts etc.) and bonafide cases. However, where the intentions of the taxpayers subsequently turns out to be fraudulent, the quantum of penalty would vary. The waiver of interest or penalty does not apply to amounts payable due to erroneous refunds. Disclaimer This video is only for informational purposes Stay connected with GSTGUY #gst #gstbudget #gstupdates #gstarraw #gstcouncil #gstreturns #gstregistration #gstrefund #budget #gsteel #gstnews

Useful ICAS - The Professional Body of CAs ready reckoner summarising the post #Budget2024 position. Including the impact of Jan 2024 NI cut, all rUK taxpayers will pay less tax/NI in 24/25 cf 23/24, when measured on the SAME income (column 4). Most Scottish taxpayers earn less than £28,867 and will pay just £23 per annum less than in England. Above £28,867 of income, Scots all pay more than in England (column 6)

CNBCTV18 Newsbreak confirmed. Govt moves amendment to provide relief for real estate under LTCG regime Govt to allow taxpayers to avail either lower rate of 12.5 percent without indexation or higher 20 percent rate with indexation if property acquired prior to July 23, 2024. Relief proposed in respect of taxation of immovable property: In the case of transfer of a long-term capital asset, being land or building or both, by an individual or HuF, which is acquired before the 23rd day of July, 2024, the taxpayer can compute his taxes under the new scheme [@12.5% without indexation] and old scheme [@20% with indexation] and pay such tax which is lower of the two