Raghav Chadha Says Removal Of Indexation Benefit Will Bring Black Money Into Real Estate
AAP MP Raghav Chadha on Thursday urged the government to restore indexation on long-term capital gain on sale of old property saying that the government's decision to remove indexation benefit will result in huge inflow of black money in real estate and investments in the sector will go down.
The AAP Rajya Sabha MP, while taking part in the discussion on the Union Budget 2024, said people will never be able to buy their dream homes.
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"Restore indexation on long-term capital gains. Throughout the world, to woo investors to invest they are incentivised. In this country, by removing indexation we are disincentivising the investor class," he said.
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