Income Exemption for A.Y. 2024-25
This query is : Resolved
22 January 2024
For A.Y. 2024-25 they say no tax payable till 7 lakhs… if an individual has dividend income of 5 lakhs & other income 1 lakh , will it qualify for exemption
Thanks in advance
Thanks in advance
22 January 2024
Thanks for your prompt revert.
Also if there is a long term capital gain of 2 lakhs in addition to it will there be any tax liability
Also if there is a long term capital gain of 2 lakhs in addition to it will there be any tax liability
22 January 2024
Yes, Tax liability is there. Please check before opt or out in both regime
23 January 2024
Thanks 🙏🏻
In new regime 1 lakh long term capital gain is exempt so only 1 lakh be added to the total income which will come to 7 lakhs … so in that case will there be any tax liability
&
For A.Y. 2024-25 they say no tax payable till 7 lakhs… if an HUF has dividend income of 5 lakhs & other income 1 lakh , will it qualify for exemption … will it be same as individual
In new regime 1 lakh long term capital gain is exempt so only 1 lakh be added to the total income which will come to 7 lakhs … so in that case will there be any tax liability
&
For A.Y. 2024-25 they say no tax payable till 7 lakhs… if an HUF has dividend income of 5 lakhs & other income 1 lakh , will it qualify for exemption … will it be same as individual
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