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Consider the following statements:1. The indexation benefit allows taxpayers to adjust the purchase price of a property according to the prevailing inflation rate.2. For properties acquired before July 23, 2024, taxpayers have the option to pay long-term capital gains (LTCG) tax at 20% with indexation benefit or at 12.5% without indexation benefit.3. The holding period for all types of capital assets to qualify as long-term has been standardized to 12 months.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:1. The indexation benefit allows taxpayers to adjust the purchase price of a property according to the prevailing inflation rate.2. For properties acquired before July 23, 2024, taxpayers have the option to pay long-term capital gains (LTCG) tax at 20% with indexation benefit or at 12.5% without indexation benefit.3. The holding period for all types of capital assets to qualify as long-term has been standardized to 12 months.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:1. The indexation benefit allows taxpayers to adjust the purchase price of a property according to the prevailing inflation rate.2. For properties acquired before July 23, 2024, taxpayers have the option to pay long-term capital gains (LTCG) tax at 20% with indexation benefit or at 12.5% without indexation benefit.3. The holding period for all types of capital assets to qualify as long-term has been standardized to 12 months.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?.

Solutions for Consider the following statements:1. The indexation benefit allows taxpayers to adjust the purchase price of a property according to the prevailing inflation rate.2. For properties acquired before July 23, 2024, taxpayers have the option to pay long-term capital gains (LTCG) tax at 20% with indexation benefit or at 12.5% without indexation benefit.3. The holding period for all types of capital assets to qualify as long-term has been standardized to 12 months.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Consider the following statements:1. The indexation benefit allows taxpayers to adjust the purchase price of a property according to the prevailing inflation rate.2. For properties acquired before July 23, 2024, taxpayers have the option to pay long-term capital gains (LTCG) tax at 20% with indexation benefit or at 12.5% without indexation benefit.3. The holding period for all types of capital assets to qualify as long-term has been standardized to 12 months.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements:1. The indexation benefit allows taxpayers to adjust the purchase price of a property according to the prevailing inflation rate.2. For properties acquired before July 23, 2024, taxpayers have the option to pay long-term capital gains (LTCG) tax at 20% with indexation benefit or at 12.5% without indexation benefit.3. The holding period for all types of capital assets to qualify as long-term has been standardized to 12 months.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the following statements:1. The indexation benefit allows taxpayers to adjust the purchase price of a property according to the prevailing inflation rate.2. For properties acquired before July 23, 2024, taxpayers have the option to pay long-term capital gains (LTCG) tax at 20% with indexation benefit or at 12.5% without indexation benefit.3. The holding period for all types of capital assets to qualify as long-term has been standardized to 12 months.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the following statements:1. The indexation benefit allows taxpayers to adjust the purchase price of a property according to the prevailing inflation rate.2. For properties acquired before July 23, 2024, taxpayers have the option to pay long-term capital gains (LTCG) tax at 20% with indexation benefit or at 12.5% without indexation benefit.3. The holding period for all types of capital assets to qualify as long-term has been standardized to 12 months.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements:1. The indexation benefit allows taxpayers to adjust the purchase price of a property according to the prevailing inflation rate.2. For properties acquired before July 23, 2024, taxpayers have the option to pay long-term capital gains (LTCG) tax at 20% with indexation benefit or at 12.5% without indexation benefit.3. The holding period for all types of capital assets to qualify as long-term has been standardized to 12 months.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.