Tax Act 2024 Taxes. All the changes in the new capital gains tax rate and holding period, except for gold and international funds, will be effective immediately from july 23, 2024, announced budget. Washington — the internal revenue service today announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate.

The irs begins accepting tax year 2023 returns on jan. Rate of tds on house rent payment of more than rs 50,000 per month cut to 2% from 5%.