Web11 de abr. de 2024 · Taxpayers can now precisely and accurately compute tax on long-term gains in the first quarter of FY 2024-24 and pay the necessary advance tax," Mohan added.CII or Cost Inflation Index is notified ... Web29 de jan. de 2024 · While, capital gains from shares held for over 12 months is long-term capital gain and is subject to 10 per cent tax. This 10 per cent is calculated after an exemption of up to Rs 1 lakh on ...

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Web11 de abr. de 2024 · 2024-06-14 Kewal Garg Income Tax. The CBDT has announced that the ‘Cost Inflation Index (CII)’ in respect of Financial Year 2024-23 (Assessment Year 2024-24) shall be 331, which has been increased from 317 announced earlier for the last year. The CII is used for calculating ‘long term capital gains (LTCG)’ under Income Tax. WebResidential Indians between 60 to 80 years of age will be exempted from long-term capital gains tax in 2024 if they earn Rs. 3,00,000 per annum. For individuals of 60 years or younger, the exempted limit is Rs. 2,50,000 every year. Hindu Undivided Families can enjoy tax exemption if the annual income of their family is under Rs. 2,50,000. plastic prototype hts code

Cost inflation index (CII) for FY 2024-24 to calculate capital gain ...

Web11 de abr. de 2024 · Under Section 54GB (5) of the Income Tax Act, 1961, long term capital gains on the sale of residential property will be exempt if the sale proceeds are invested in a eligible startup, provided ... Web21 de fev. de 2024 · Long Term capital gain tax is applicable at 20% except on the sale … Web16 de mar. de 2024 · Note: Rebate under Section 87A cannot be adjusted against tax on long-term capital gains on equity shares and equity-oriented mutual funds (Section 112A). Eligibility to claim rebate u/s 87A for FY 2024-21 and FY 2024-20. You can claim the benefit of rebate under section 87A for FY 2024-22, and FY 2024-21, subject to the following … plastic prototyping services