The Indian government has relaxed new property tax rules it proposed just two weeks ago, after criticism that the changes added to an already heavy financial burden on the middle class. On July 23, India lowered the long-term capital gains tax on real estate to 12.5% from 20%, but dropped a benefit that allowed individuals...

Unlock this article with Premium. To access all premium content, contact us at [email protected]
Already a member? Log in here