Question
What is the main benefit of the LTCG Amendment for
properties purchased before July 23, 2024?Solution
The LTCG Amendment offers flexibility by allowing property owners who purchased properties before July 23, 2024, to choose between two tax calculation methods. They can opt for a lower tax rate of 12.5% without indexation or a higher rate if it exceeds 20% with indexation. This flexibility is designed to minimize tax liability and maintain fairness across different asset classes while addressing concerns related to the removal of indexation benefits. Properties bought on or after July 23, 2024, are not eligible for these indexation benefits.
When a firm’s decision to produce decreases the wellbeing of others, but the firm does not compensate those others. It is a case of______.
...Which of the following is not a test related to Heteroscedasticity?
India traditionally runs a large Merchandise Trade Deficit (Goods). What is the key component that typically counteracts this to keep the Current Accoun...
If the economy is operating at point C, the opportunity cost of producing an additional 20 units of bacon is
Under a fixed exchange rate system with perfect capital mobility, what happens when the government increases its spending?
An unbiased coin is tossed until a head appears. The expected number of tosses required is
Consider a closed economy wherein
C = 0.60 Yd  , t = 0.25 , I = 900 – 30i , G = 800, L = 0.20 Y – 50i , M/P = 500
Where in Yd = Dis...
In an open economy, ceteris paribus, If the marginal propensity to import increases, what will be the impact on Income Multiplier?
In the foreign exchange market price of US Dollar rises from â‚ą 60 to â‚ą 61. This means that_____
