Do you need to file ITR if you only incurred losses from equities or mutual funds? Check the detailsIndividuals earning below basic exemption limits (Rs 2.5 lakh old, Rs 4 lakh new regime) generally don't need to file ITR. However, mandato...
16 Jun, 2026, 11.21 AM IST
India needs to remove tax friction for more FDIIndia is looking to boost foreign investment by reforming its tax system. Recent proposals aim to simplify taxes on foreign holdings. The c...
04 Jun, 2026, 11.40 PM IST
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
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
Wipro is buying back shares at Rs 250. What your tax bill looks like depends on this factorWipro's share buy-back offers Rs 250 per share, a premium over market price. New tax rules effective April 1, 2026, treat buy-back proceeds...
30 Apr, 2026, 02.18 PM IST
Invested in equities and want to cut your income tax? Use tax loss and gain harvesting before March 31, 2026Investors can save income tax by strategically selling equity shares and mutual funds before March 31, 2026. Tax loss harvesting allows off...
24 Mar, 2026, 05.48 PM IST
Budget 2026 FAQs: What is Capital Gains Tax? Who pays it, when, and how much?India's Union Budget 2024 significantly altered Capital Gains Tax, reducing LTCG on property and gold to 12.5% but eliminating indexation b...
02 Dec, 2025, 11.57 AM 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
Is LTCG exemption on equity, equity mutual funds Rs 1 lakh or Rs 1.25 lakh while filing ITR for FY 2024-25 (AY 2025-26)?LTCG Equity Exemption for ITR Filing: The capital gains rules were amended effective July 23, 2024. The new capital rules have created conf...
29 Jul, 2025, 03.37 PM IST
Taxable income below Rs 7 lakh: Will you pay zero income tax if this income includes LTCG and STCG for FY 2024-25?Zero tax on incomes up to Rs 7 lakh: Budget 2025 clarified that tax rebate under Section 87A will not be available to incomes that are taxe...
23 Jul, 2025, 03.19 PM IST
Waiting till March 31, 2025, will be too late to save capital gains (LTCG) tax on equities this financial yearSave LTCG: Long term capital gains (LTCG) tax on equities is presently levied only if the gains is over Rs 1.25 lakh. However when we calcu...
28 Mar, 2025, 10.16 AM IST
Go long, go short, go pay more taxGAIN DRAIN Tax on long-term capital gains raised from 10% to 12.5%, while short-term capital gains up from 15% to 20%
24 Jul, 2024, 09.09 AM IST
LTCG tax: How to save long-term capital gains taxInvestors can set off their long-term and short-term capital loss against long-term capital gains. This minimises the tax liability and onl...
22 Jan, 2024, 06.30 AM IST
Section 87A income tax rebate is not available on these incomesSection 87A of the Income Tax Act, 1961 allows an income tax rebate of Rs 12,500 (for both old and new tax regime) for FY 2022-23 (AY 2023-...
27 Jul, 2023, 05.06 PM IST
Here's how to calculate tax payable on your capital gainsLong-term capital gains and short-term capital gains are taxed at different rates as per I-T laws. Here's how you can calculate payable tax...
02 May, 2018, 11.16 AM IST
Budget 2018: What income tax changes to expect from FM Jaitley todayHere is a look what the middleclass taxpayer can expect from Budget 2018.
01 Feb, 2018, 06.09 PM IST