The Cost Inflation Index, used to calculate indexed cost of acquisition for decades, has been quietly phased out for most assets after Budget 2024. But it isn't gone entirely — specific transitional c
Budget 2025 raised the effective tax-free income threshold under the new regime to ₹12 lakh through an enhanced Section 87A rebate. But the mechanics are more nuanced than 'no tax up to ₹12 lakh' — ma
Budget 2024 fundamentally restructured India's capital gains tax regime — uniform holding periods, removal of indexation for most assets, and new rates across asset classes. Many taxpayers are still a
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