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CAPITAL GAINS
CBDT makes Form 173A mandatory to claim tax exemption on interest and gains from government securitiesThe Central Board of Direct Taxes has introduced Form 173A for income-tax exemption claims. This new form includes detailed information to ...
Your inherited home is not a money machine: What Indian heirs must know
Correcting rupee against fundamentals ultimately futile, says RBI's ex-guv SubbaraoD Subbarao advocates for allowing the rupee to find its level based on economic fundamentals. He criticizes costly short-term measures that...
Global investors against use of judicial anti-avoidance rule by tax officialsInternational investors have raised concerns regarding the Indian Income-tax authorities' invocation of the judicial anti-avoidance rule. A...
NRI capital gains tax: When can you use the basic exemption limit to lower your income tax bill?For non-resident Indians, leveraging the basic exemption limit can help mitigate normal slab rate taxes on capital gains. However, it's imp...
₹1.70 crore undisclosed cash alleged in property sale, Income Tax Dept relies on WhatsApp chats and Excel sheets; here's why taxpayer wins at ITAT DelhiThe Delhi Income Tax Appellate Tribunal quashed the assessment against Mr. Sehgal regarding alleged undisclosed cash. The Income Tax Depart...
Rs 5 lakh crore worth FII outflows since 2024 capital gains tax hike wreak havoc on Dalal Street. Is a reversal on the cards?Foreign investors have sold over Rs 5 lakh crore of Indian equities since the 2024 capital gains tax hike, with outflows intensifying in 20...
Canada-based senior citizen faced income tax liability of ₹83.2 lakh as STCG; here's why he wins at ITAT Bengaluru on technical groundA recent ITAT ruling highlights the critical importance of following proper legal procedures in income tax reassessment cases. When a taxpa...
Man earns Rs 75 lakh by redeveloping property inherited from mother, pays no income tax, receives notice, wins case in ITAT DelhiProperty owner inherits mother’s land, converts it into freehold, DDA grants mutation, redevelops it, gets Rs 75 lakh from builder, pays no...
FM Sitharaman ready to hear out stock market tax debateFinance Minister Nirmala Sitharaman expressed interest in the discussions surrounding stock investment taxes and their implications. She me...
RBI to continue efforts to curb rupee volatility; external factors driving currency fall: FMFinance Minister Nirmala Sitharaman mentioned the Reserve Bank of India’s ongoing efforts to stabilize the rupee's value. She noted that th...
FM Sitharaman's LTCG tax remarks lift Sensex by 1,100 points. Can markets hope for a review?Indian equities rallied on Tuesday, with the Sensex surging over 1,000 points after Finance Minister Nirmala Sitharaman said discussions ar...
SBI Research calls for abolition of LTCG tax on equities to boost foreign capital inflowsAccording to SBI Research, removing the long-term capital gains tax on equities could revitalize investment levels. The report emphasizes e...
In 2007, heirs sold a conservation easement on inherited farmland for $910,000, in 2013, they got a shock from US Tax CourtIn Van Alen v. Commissioner, decided on October 21, 2013, the court ruled in favour of the Internal Revenue Service (IRS). The dispute invo...
SBI economists call for scrapping LTCG tax on equitiesSBI economists are advocating for the elimination of long-term capital gains tax to stimulate sustained investment in Indian equity markets...
Landowner gets Rs 6 crore by selling TDRs received for giving up land for road widening, pays no tax; ITAT Bangalore rules TDR sale taxable as capital gainsFor giving up 2,839 sq. metres of land, BBMP gives landowner TDRs which landowner sells to builder for Rs 6 crore; Income Tax Dept sends no...
Who pays 0% capital gains tax in 2026? Check the IRS income limitsSome investors may pay 0% federal capital gains tax in 2026 if their taxable income stays within IRS limits. Single filers can qualify with...