Indexation is NOT available for LTCG on:
AListed equity under Section 112A (per relevant Section)
BListed bonds
CImmovable property (per relevant Section) (per relevant Section)
DGold
Answer & Solution
Correct answer: A. Listed equity under Section 112A (per relevant Section)
1. Section 48 provides indexation benefit using CII.
2. Section 112A (LTCG on listed equity) and Section 50B (slump sale) exclude indexation.
3. FA 2024 introduced flat 12.5% rate without indexation for most assets; 20% with indexation retained for residents on land/building pre-23 July 2024.
_Source: ICAI BoS CA Final Paper 7, Ch 4 "Capital Gains"_
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