Tax relief for property sales: Choose between 12.5% flat rate or 20% indexed, proposes central government

Major relief has been proposed by the central government in the taxation of immovable property transactions.
Under this proposal, taxpayers have the flexibility to calculate their taxes using two methods: the new scheme, which imposes a 12.5% tax rate without indexation, and the old scheme, which applies a 20% tax rate with indexation benefits. Taxpayers can then choose to pay the lower of the two calculated tax amounts, providing them with the opportunity to optimize their tax liability based on their specific circumstances.