The Indian government has reversed its decision to eliminate indexation benefits on real estate, giving taxpayers the option to calculate capital gains tax with or without indexation. This move provides relief to those who purchased property before July 23, 2024.
India’s Finance Minister Nirmala Sitharaman announced changes to the capital gains tax regime in the Union Budget 2024, including the removal of indexation benefits for property and gold sales. This move is expected to increase tax liability for investors, leading to market fluctuations in the real estate and gold sectors.
Australian student loan debts are poised to rise by a substantial 4.8% in 2023, translating to an average increase of $1,272 for those holding Higher Education Loan Program (HELP) debts. This annual increase is driven by indexation, which adjusts debts based on inflation. The latest calculation, conducted by the Parliamentary Library for the Greens, projects that HELP debts will rise significantly as the March quarter inflation data indicates.
