For many middle- and upper-middle-class taxpayers, a one-time sale of property can inflate their gross total and push them into higher surcharge brackets, despite having no actual capital gain (after ...

Post-April 2023 rules mean all debt, gold, and international funds redeemed in FY25 are taxed as short-term. Here’s how to ...

The Securities Transaction Tax (STT) has become a silent burden on Indian investors, eating into profits even before gains ...

How the 12.5% non-indexed long-term capital gains tax affects surcharge, loss set-off, and reinvestment strategies for ...

Since the individual has no other income, the basic exemption limit can be utilised to offset a portion of the LTCG, as permitted under the proviso to Section 112A.

The income tax dept imposed Rs 1.42 crore short term capital gains (STCG) on house that was sold in FY 2009-10. This flat was alloted on October 7, 2005 and was registered in FY 2015-16 by the ...

Under the Indian Income Tax Act, 1961, the classification of capital gains is determined by the holding period of the asset.

Understand capital gains tax on assets like property and stocks. Learn the difference between short-term and long-term gains, how to calculate them, and available tax ...

The latest version of the Income Tax Bill also restores key tax benefits for charitable and religious trusts. It reinstates a ...

ITR-6 is designated for companies not claiming exemptions under Section 11 of the Income Tax Act, which pertains to income ...

Sujit Bangar, founder of TaxBuddy, wrote on X that the ruling reinforces the principle that “joint ownership ≠ ...

The Mumbai ITAT ruled that a tax reassessment on alleged bogus capital gains was invalid, citing the lack of specific incriminating evidence found during the ...