Capital Gains Tax 2024 Married Filing Jointly In India

Capital Gains Tax 2024 Married Filing Jointly In India. If you meet those rules, you can exclude up to $250,000 in gains from a home sale if you’re single, and up to $500,000 if you’re married filing jointly. Above that income level, the rate goes up to 20 percent.

Explore the significant changes in capital gains taxation proposed in budget 2024, including revised tax rates, holding periods, and removal of indexation benefits. The new provisions for taxation of capital gains come into force from 23.7.2024 and shall apply to any transfer made on or after 23.7.2024.