NEW DELHI — The government’s decision to remove indexation benefit on sale of old property will result in huge inflow of black money in real estate and investments in the sector will go down, AAP Rajya Sabha member Raghav Chadha said on Thursday. Asking the government to roll back the proposal, Chadha, while taking part in the discussion on the Union Budget 2024-25, said people will never be able to buy their “dream homes”. “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, adding that removing indexation is not imposing tax but it is equivalent to “penalising investors”. Removal of ‘Indexation’ benefit from the Investor is a grave mistake by the Government. I explain in detail. Please watch. pic.twitter.com/AhB7vViy0n — Raghav Chadha (@raghav_chadha) July 25, 2024 Also read: Lok Sabha adjourned twice amid war of words between treasury, opposition benches He said as a result of the step proposed by Finance Minister Nirmala Sitharaman in the Budget 2024-25, individuals selling old properties will incur higher tax outgo. “If you do not bring back indexation three things will happen...