Estate Tax Exemption 2024 Per Person In India. Budget 2024 changes capital gains tax with two holding periods, impacting investments like stocks, real estate, and mutual funds. In 2023, you can make annual gifts to any one person up to a maximum of $17,000 per year ($18,000 in 2024, estimated to be $19,000 in 2025).
For the year 2023, the exemption is $12.92 million per person increased to $13.61 million per person for 2024. The lifetime exemption is the amount that individuals can transfer during their lifetime or at death to others without incurring a 40% tax.
Estate Tax Exemption 2024 Per Person In India Images References :