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LTCG 54 EXEMPTION
Man sells property for Rs 48 lakh, constructs a new house but faces delay, income tax dept denies Section 54 claim; he fights and wins case in ITAT Chennai- Can me and my wife claim LTCG tax exemption on gains from residential property sold in 2025?
- Man sold unlisted shares, bought Rs 5.65 cr house, faced income tax scrutiny; he fought back and won in ITAT Delhi despite low income declaration
- Planning early retirement at 50 with a Rs 12.5 crore corpus? Expert explains how to generate Rs 2 lakh monthly incomeAn investor planning early retirement at 50 with a Rs 12.5 crore corpus seeks expert advice on generating Rs 2 lakh monthly income. The exp...03 Jun, 2026, 10.41 AM IST
- Lady sold apartment, took Rs 2.5 lakh cash, bought new apartment from son-in-law, paid no tax, got income tax notice; she fights back and wins case in ITAT ChennaiA Chennai woman successfully appealed a tax notice after selling her apartment for Rs 35.5 lakh, including Rs 2.5 lakh in cash, and buying ...02 Jun, 2026, 07.11 AM IST
- Man pays zero tax on Rs 5 crore land sales despite filing ITR after deadline; ITAT Mumbai rules in his favour for this reasonA Mumbai man successfully claimed a tax exemption on Rs 5 crore land sales despite filing his ITR after the deadline. The ITAT Mumbai ruled...22 May, 2026, 07.21 AM IST
- Can I claim LTCG exemption in same year if I buy a property before selling existing one?ET Wealth Reader's Query: Will buying an apartment before selling the existing one still allow me to claim long-term capital gains exemptio...05 May, 2026, 04.15 PM IST
- I plan to sell my house after 27 years and reinvest in another property. How to save LTCG tax?ET Wealth Reader's Query: I plan to sell my residential property, held for 27 years, and use part of the long-term capital gains (LTCG) to ...16 Dec, 2025, 05.04 PM IST
- I bought a land for Rs 22k and sold it for Rs 17 lakh, how can I save capital gains tax on this?ET Wealth Reader's Query: I am a homemaker who sold a residential plot for Rs 17.4 lakh, which I had purchased in 1989 for Rs 22,000. What ...01 Dec, 2025, 12.16 PM IST
- Wife sells house for Rs 2.85 crore, buys new one with husband, pays zero income tax, wins ITAT Mumbai casePayal sold her old house jointly owned with her husband. She reinvested the proceeds in a new house. She then claimed tax exemption. The In...25 Sep, 2025, 11.13 AM IST
- Worried about 12.5% LTCG tax on sale of shares, MFs, gold, or property? CA shares how to cut it to zeroSection 54F of the Income Tax Act offers a way to eliminate capital gains tax on long-term assets like shares or property. This provision a...12 Sep, 2025, 03.29 PM IST
- Sold your house property or land? These nine sections in Income Tax law can help save capital gains taxIndians can save capital gains tax on property sales. The Income Tax Act offers nine sections for tax reduction or zero tax. Sections cover...08 Sep, 2025, 03.02 PM IST
- How to pay zero or lower income tax on your residential property sale using Sections 54 and 54FIndian income tax laws offer exemptions on long-term capital gains (LTCG) from selling residential property and land. Sections 54 and 54F o...03 Sep, 2025, 09.01 AM IST
- ITR alert: If you meet any of these 8 conditions, tax return filing is a mustITR filing mandatory: Many taxpayers believe that they have to file their income tax return only if their gross taxable income exceeds the ...30 Jul, 2025, 02.14 PM IST
- Husband wife duo wins Rs 1.3 crore long term capital gains tax exemption case under Section 54 despite selling two houses to buy a joint property; ITAT Mumbai caseThe ITAT Mumbai ruled that a wife is eligible for a Rs 1.3 crore Section 54 LTCG tax exemption on a property sale, even though the new prop...16 May, 2025, 01.05 PM IST
- LTCG tax computation on sale of house property: How this ITAT order favouring a taxpayer will change the way capital gains is calculatedThe 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 Oc...14 Apr, 2025, 05.05 AM IST
- Income tax relief on Capital Gains Deposit Scheme: Can Budget 2025 offer clarity to taxpayers to easily claim exemption on LTCG of house sale?Taxpayers should remember that tax-saving exemptions on capital gains are available on long-term capital gains (LTCG) only. No exemptions a...29 Jan, 2025, 03.00 PM IST
- Buying house by selling equity shares? Here’s how you can claim tax exemption for LTCG on stocks soldSave LTCG tax on equity: To finance the down payment for buying a house, many people sell their assets such as equity shares, equity mutual...05 Nov, 2024, 12.16 PM IST
- Budget 2023 should remove this anomaly to make claiming tax exemption on LTCG under section 54F easierThe current income tax provisions allow an individual taxpayers to claim exemption from having to pay capital gains tax from long term capi...27 Jan, 2023, 10.45 AM IST
- Planning to save LTCG tax by buying new house? Govt extends time limit till March 31, 2023The Central Board of Direct Taxes (CBDT) has issued a circular on January 6, 2023, to extend the time limit to claim tax exemption under se...07 Jan, 2023, 02.51 PM IST
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