Dus Pe Bas: Budget caps capital gains benefit on luxe home sale

Planning to sell your luxury home to buy another one with an eye on a hefty profit? Here’s why you may need to do a rethink: any reinvestment of the sale proceeds exceeding Rs 10 crore will not fetch you tax deduction, with finance minister Nirmala Sitharaman proposing a cap on the same.

from Times of India https://ift.tt/kBGNs3i