New Delhi, Aug. 5 -- On July 23, 2024, Finance Minister Nirmala Sitharaman tabled Budget 2024-25, which carried an array of landmark changes, especially with regards to long-term capital gains tax.

These changes include lowering oflong-term capital gains tax rate to 12.5 percent (from 20 percent earlier) while indexation - that allows for adjusting the cost of asset with regards to inflation -- was phased out.

Pathbreaking! Isn't it? The changes were certainly significant, but much needed at the same time, argued experts then.

Astax filing season for FY 2024-25 is on, these changes gain a lot of significance, and several taxpayers would be struggling to comprehend the nuances of those changes. We have deconstructed most of those change...