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SECTION 54EC
Can me and my wife claim LTCG tax exemption on gains from residential property sold in 2025?ET Wealth Reader's Query: In 2025, I sold a residential property, which was purchased in 2008 in the joint names of my wife and I. However,...
Sebi mulls allowing OBPPs to offer products regulated by IFSCA, tax-saving bondsMarkets regulator Sebi on Tuesday proposed allowing Online Bond Platform Providers (OBPPs) to offer products or services regulated by Inter...
Real estate broker’s excel sheet triggers Rs 48 lakh ‘cash payment’ tax notice; homebuyer wins relief in ITAT AhmedabadThe Income Tax Department sent a tax notice to a husband deeming he bought new flat using Rs 48 lakh cash and had Rs 1.5 crore unverified a...
How to avoid capital gains tax on land sale: 7 smart options every seller should know
Pay zero income tax on capital gains: CA explains how you can save tax by re-investing up to Rs 10 crore LTCGSelling capital assets can lead to taxable gains, but strategic reinvestment can eliminate tax liability. Individuals and HUFs can offset l...
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...
A comprehensive guide to saving LTCG Tax on property sale: Understanding Sections 54, 54EC, and 54F
How can you invest LTCG in Section 54EC bonds?Capital gain bonds are tax-saving instruments that are issued by entities backed by the government, including REC, National Highways Author...
Want to save on paying taxes on capital gains? Don't utilise 54EC bonds in a hurry; check for this notice before taking the callTo save on long-term capital gains tax, investors can utilize Section 54EC by investing in specific long-term bonds, which are notified by ...
When to use Capital Gains Account Scheme to save income tax if you made long-term capital gains after selling land, property, equities, etc.?Capital gains: Both Indian residents and NRIs can use Capital Gains Account Scheme (CGAS) to save paying capital gains tax on long-term cap...
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...
Are you liable to pay tax on money received as gift?According to Section 56(2) of the Income Tax Act, 1961, any sum received from relatives is not chargeable to tax.
Planning to invest LTCG in Sec 54EC bonds to save tax? Do it before 31 MarchYou should invest in 54EC bonds before 31 March 2018 as bonds issued after this date will have to be held for a minimum of five years.
Budget 2018: Lock money into 54EC bonds for 2 more years to escape LTCG taxExemption from LTCG tax are available if the gains are invested in the specified asset of the section within six month of the date of sale ...
PFC's 54EC capital gain bond issue in July, to raise Rs 18K croreThe PFC is the first company to raise capital gain bonds under Section 54EC this fiscal. The issue would remain open till March 31, 2018.
FinMin allows PFC to issue bonds free of capital gains taxThis will enable PFC to raise funds for long terms through issuance of tax free bonds.
Mutual fund costs will fall, but only as we build scale: Sanjay Sapre, Franklin Templeton Investments IndiaIndians need the services of investment advisers as they lack the financial literacy needed to understand market-linked products.
- Q&A: Taxation
Section 54 provides for exemption on longterm capital gains arising on sale of a house on reinvestment in another house within a stipulated...
- Query Corner: Tax
Our expert helps you understand the complexities of tax in this weekly column.
- Govt extends deadline for tax sops on bonds
Good news for those who could not avail of tax benefit on long-term capital gains due to non-availability of specified bonds.