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Income Tax department labels her stock market trader, denies investor status; she fights and wins Rs 54 crore capital loss claim at ITATDolly Khanna successfully challenged the tax department's classification of her Rs 54 crore short-term capital loss as a business loss. The...- Did you lose a lot of money in stocks this year? Here's how to use those losses to pay less tax
- 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...
- One-time capital gains set-off dropped in latest version of Income Tax Act 2025: How it impacts your tax billThe final Income Tax Act, 2025 has removed a one-time provision that allowed brought-forward long-term capital losses to be set off against...
- Man cuts taxable income by Rs 25 lakh by setting off losses from shares and mutual funds against current LTCG: ITAT Delhi clarifies rulesITAT Delhi ruled that brought forward long-term capital losses and current year's short-term capital losses from shares and mutual funds ca...
- Infosys’ Rs 18,000-crore share buyback: Don’t ignore this important tax implicationInfosys' Rs 18,000 crore share buyback closes today, with investor focus shifting to the new tax regime. Under the revised rules, buyback p...
- Error in ITR-2 online utility: CA highlights technical bug which may lead to taxpayers with capital gains income, carry forward loss getting scrutiny notices laterA Chartered Accountant has identified a technical error in the ITR-2 online utility, causing inconsistencies between loss adjustment and ca...
- One-time set-off of long-term capital loss against STCG: New income tax bill 2025 allows this from tax year 2026-27 onwardsThe new Income Tax Bill 2025 introduces a one-time relief. Taxpayers can now reduce their net capital gains tax. Long-term capital losses (...
- Tax harvesting to rescue equity investors: How loss from equities could help you save more taxSave income tax by selling equities: The method is called tax harvesting and it requires you to sell the equity share or equity mutual fund...
- Cost inflation index for FY 2022-23 used for LTCG calculation notifiedIn a notification dated June 15, 2022, the Central Board of Direct Taxes (CBDT) announced the cost inflation index (CII) for FY 2022-23.
- What is cost inflation index for FY 2021-22 used in LTCG calculations?This CII number will be used to arrive at long-term capital gains such as from the sale of debt mutual funds, flat etc. at the time of inco...
- Cost inflation index for FY 2020-21 used for LTCG calculation notified by finance ministryThe Cost Inflation Index (CII) for FY 2020-21 will come into force with effect from April 1, 2021, and will accordingly apply to the assess...
- Can I get rebate of Rs 12,500 against tax paid on long-term capital gains on equity?An individual cannot claim rebate under section 87-A of the Income-tax Act on the tax payable on the long-term capital gains on the sale of...
- Finance Ministry notifies cost inflation index for FY 2019-20 as 289This number is important as it is used to arrive at the inflation-adjusted purchasing price of assets and thereby long-term capital gains.
- How to calculate capital gainsA proper step by step methodology can help an assessee calculate his capital gains instead of hiring the services of a chartered accountant.
- Selling shares, equity mutual funds at a loss? Wait till after March 31 to save LTCG taxReduction in LTCG would mean that you would not have to pay capital gains tax on the amount by which the LTCG has been reduced.
- Larsen & Toubro acquires full stake in L&T CassidianLTCL is a 74 per cent of L&T. Balance 26 per cent stake held by Airbus DS has been acquired by L&T.
- Tax queries: Approach I-T department if TDS is not deposited by deductorDilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
- Should I quit Birla Sun Life Dynamic Bond Fund?Mutual fund queries answered by Deepali Sen, Founder, Srujan Financial Advisors.
- Indian scores highest in Trinity College examsBangalore-based communication teacher Zulfia Shaikh scores highest marks in LTCL Examination held by the prestigious Trinity College, Londo...
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