Long-term capital gains on sale of house property is taxable at the rate of 20% flat on the quantum of gains made. However according to Budget 2024,  The tax on long-term capital gains on other financial and non-financial assets is reduced from 20% to 12.5%. While on the other hand, the indexation benefit that previously was available on sale of long-term assets, has now been done away with. However, this faced a backlash from the public. So, the Government has passed an amendment that allows taxpayers to compute taxes either at 12.5 per cent without indexation or at 20 per cent with indexation on real estate transactions. The amendment will apply not only to real estate transactions but also to unlisted equity transactions, which are done before July 23, 2024.