ET Interview: New capital gains regime to aid future home buyers, says CBDT chairman Ravi Agarwal

CBDT Chairman Ravi Agarwal stated that recent tax changes will significantly benefit home buyers and investors. The new provisions, effective from the 2025-26 assessment year, lower capital gains tax on property sales held over two years to 12.5% from 20%, though without indexation benefits. This change is expected to be favorable compared to previous tax rates, according to Agarwal.