Government Eases LTCG Tax for Homeowners

08 Aug 2024 CW Team

The Indian government has introduced a new measure to provide relief to homeowners by revising the computation of Long-Term Capital Gains (LTCG) tax. This move aims to ease the financial burden on individuals selling their residential properties.

Under the revised guidelines, homeowners can benefit from a more flexible approach to calculating LTCG tax, which is typically applied to profits earned from the sale of assets held for more than three years. The new framework allows for better alignment with actual market conditions and reduces the tax impact on property sales.

The adjustment is part of the government?s broader strategy to stimulate the real estate market and support property owners. By revising the LTCG tax calculation, the government hopes to encourage more transactions and investment in the housing sector, which has seen sluggish growth in recent times.

This change is expected to make the tax structure more equitable and transparent, offering significant relief to homeowners who previously faced higher tax liabilities. It also aims to simplify the tax compliance process, making it easier for individuals to navigate the complexities associated with property transactions.

Infrastructure Energy

22 Dec 2025

Coal Ministry Simplifies Disposal of Washery Rejects

The Ministry of Coal has recently simplified the process for disposal of coal washery rejects to enhance ease of doing business and ensure faster utilisation, while maintaining environmental safeguards. The move aligns with the government’s Atmanirbhar Bharat vision and ongoing reform agenda in the coal sector. Under the existing policy issued on 27 May 2021, washery rejects were disposed of through a three-tier priority system. The first priority allows their use for energy extraction, in line with Solid Waste Management Rules, 2016, applicable to waste with calorific value above 1,500 kca..

India, Oman Sign CEPA to Boost Trade and Services Ties

India and Oman have recently signed a Comprehensive Economic Partnership Agreement (CEPA), marking a major milestone in India’s strategic engagement with the Gulf region. The agreement was signed in the presence of Narendra Modi and Sultan Haitham bin Tarik, by Piyush Goyal and Qais bin Mohammed Al Yousef. The CEPA provides unprecedented market access for Indian goods, with Oman offering zero-duty access on 98.08 per cent of its tariff lines, covering 99.38 per cent of India’s exports by value. Major labour-intensive sectors such as textiles, leather, footwear, gems and jewellery, enginee..

TTDF Backs 136 Telecom R&D Projects Worth Rs 5.42 Bn

The Telecom Technology Development Fund (TTDF) Scheme has recently approved 136 projects worth Rs 5.42 billion to strengthen indigenous telecom innovation across India, the government informed Parliament. The scheme focuses on bridging the digital divide by enabling development and manufacturing of advanced telecom technologies for rural and remote areas. In a written reply to the Rajya Sabha, Minister of State for Communications and Rural Development Pemmasani Chandra Sekhar said the TTDF Scheme, launched on 1 October 2022, supports IITs, NITs, MSMEs, start-ups and research institutions work..