What this Budget has on offer for HNIs
The reduction in surcharge rate from 37% to 25%, is a nudge by the government to make HNIs adopt the new tax regime
Source: livemint.com
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The reduction in surcharge rate from 37% to 25%, is a nudge by the government to make HNIs adopt the new tax regime
The exemption one can claim under Section 54 is the lower of the capital gains made and the purchasing cost of the new property.