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Capital Gains Tax 2024 Allowance For Single Person
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Capital Gains Tax 2024 Allowance For Single Person. For married couples, the threshold is $583,750. The central board of direct taxes (cbdt) has issued frequently asked questions (faqs) dated 24 july 2024, clarifying certain points in relation to the capital gains regime as.
As regards holding period of the assets for classification into long term or short. A capital gains tax is a tax imposed on the sale of an asset.
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