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...
SGBs vs mutual funds: The tax difference could mean lakhs more in your pocket
Want to exchange old gold for new jewellery? Beware of these taxesIndians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-valu...
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 ...
‘Investment climate not in great shape’: Former PM Modi advisor urges FDI reforms as outflows surge in FY26Former advisor Surjit Bhalla calls for major changes to India's foreign investment rules. He warns that strict policies and unclear regulat...
Policy stability, relief on STT and LTCG key to winning back FPIs: Sudip BandyopadhyayForeign investors are pulling money from Indian markets. Experts urge India to rethink taxes like STT and LTCG. Policy consistency is also ...
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...
Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT MumbaiA Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Inc...
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...
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...
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...
Mutual fund taxation for AY 2025-26: Latest capital gain tax rules for equity mutual funds, debt mutual funds, international mutual funds, gold mutual funds, othersMutual fund capital gains tax rules for ITR filing: Budget 2024 changed the capital gains tax rules from FY 2024-25. The changes became eff...
NRI Taxation: Mutual funds capital gain, TDS rules; STCG, LTCG tax rules from equity, debt, international, hybrid MFs and othersMutual funds taxation for NRI: From FY 2024-25, the capital gains taxation rules were revised for all asset classes, including mutual funds...
How to make gold investments tax efficient after Budget 2024 changed capital gain rules: New STCG, LTCG rates on gold, gold MF, gold ETF, SGBGold, a traditional symbol of wealth and prosperity in India, has long been a popular investment choice. The recent changes in capital gain...
Capital gains tax changed, big relief for homeowners: 12.5% LTCG tax or 20% tax with indexation, which will reduce tax outgo?Capital gains indexation calculation after amendment of Finance Bill, 2024: The Union government offers a huge relief property owners by al...
LTCG rules for unlisted shares for NRIs changed; tax rate hiked 25% & foreign currency adjustment removedLTCG tax for NRIs on unlisted shares: The finance minister has amended the budget proposals to remove the benefit of foreign currency adjus...
Real estate stocks rally on revision of LTCG rulesBuying action surged across nearly all real estate stocks, with the Nifty Realty index climbing approximately 1.5%, driven by gains in DLF,...