Over the last few weeks, one of the more debated proposals of the Union Budget for 2024-25 has been the overhaul of the long-term capital gains (LTCG) tax regime. Finance Minister Nirmala Sitharaman had announced that the new regime will eliminate the indexation benefit for calculating the LTCG on assets such as property, gold, and unlisted investments while reducing the LTCG tax rate from 20 percent to 12.5 percent.