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LTCG ON SALE OF PROPERTY
NRI Talk| For a Rs 50 crore NRI portfolio, structure matters as much as stock selection: Tarun BiraniNRIs view India with cautious optimism, recognizing its long-term growth potential despite recent market flatness and rupee depreciation. D...- Income Tax AY 2026-27: Even if your salary income is below Rs 12.75 lakh, you still need to pay tax for these incomesIncome Tax AY 2026-27: Salaried individuals earning up to Rs 12.75 lakh annually may enjoy zero tax liability due to enhanced Section 87A r...
- 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,...
- ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
- 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 declarationMr. Bansal successfully appealed a tax demand after claiming Section 54F exemption on Rs 7.59 crore long-term capital gains from unlisted s...
- 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...
- 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 ...
- 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...
- 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...
- 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 ...
- Capital gain tax ready reckoner: Listed equity, unlisted equity, gold, house property, and other assets for ITR filing FY 2024-25 (AY 2025-26)Latest Capital gain tax rules: The capital gain tax rules were changed in the mid-year from FY 2024-25 (AY 2025-26). Due to this, a taxpaye...
- Capital gain on property: How to pay lower LTCG tax using indexation benefitIndian property owners selling real estate acquired before July 23, 2024, now have a choice regarding capital gains tax. They can opt for a...
- No LTCG tax on Rs 1.32 crore house bought only at Rs 45 lakh: Homebuyer wins LTCG tax exemption case at Delhi ITAT after 7 years fightA homebuyer faced legal and tax challenges after buying a Delhi property, including a dispute over the sale agreement and issues with incom...
- 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...
- Trying to use Capital Gains Scheme Account to cut LTCG tax on indexed gains from 20% to 12.5%? It won't workLTCG tax on the sale of the house at 12.5%: If a taxpayer has sold the home on or before July 22, 2024, and put the money in a Capital Gain...
- LTCG tax on sale of house: Can you add home loan interest to property purchase price to cut capital gains tax?LTCG tax rate on property sale with no indexation: If a taxpayer does not avail of the Section 24 deduction of Rs 2 lakh on interest paid o...
- NRI cannot claim LTCG indexation benefit while selling property in IndiaLTCG indexation benefit on sale of house property: The government has provided partial relief to the homeowners by providing an option of i...
- Removal of indexation benefit on sale of property: Why 2001 is a critical year when selling your houseThe long term capital gains (LTCG) tax has been reduced from 20% to 12.5% for all property sales. However, the benefit of indexation has be...
- How is long-term capital gains tax on sale of property calculatedThe CII of 2019-20 has yet not been announced. To arrive at the capital gain, you will have to reduce the indexed cost of acquisition from ...
- Budget 2019: LTCG from sale of house can be invested in two housesOnce the budget proposal is passed by the Parliament, this would mean that a taxpayer can save tax by investing the gains in two residentia...
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