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NO TAX FOR SELLING SHARES DUE TO 87A REBATE
Housing society asks homebuyer to pay previous owner's maintenance dues of Rs 80,000; experts explain what you should do in this situationIn his Reddit post, a homebuyer shared that the previous owner had around Rs 80,000 in pending maintenance dues, which he assured will be s...- SBI Life Q1 results: Profit rises 22% YoY to Rs 720 crore on strong premium growthSBI Life Insurance reported a 22% YoY rise in June-quarter profit to Rs 720 crore, driven by robust growth in new business and renewal prem...
- ITR filing deadline FY 2025-26: Due dates, penalties, and what happens if you miss July 31 deadlineTaxpayers will file Income Tax Returns for FY 2025-26 under the Income-tax Act, 1961. The due date for most individuals is July 31, 2026, w...
- Caliber Mining shares drop 8% after listing with 19% premium over IPO price. Should you buy, sell or hold?Caliber Mining and Logistics shares fell over 8% after debuting at a 19% premium to their IPO price. Despite the post-listing correction, a...
- Sold multi-asset MFs? Before filing ITR, check the fund’s underlying asset mix as it determines tax treatment; know how to file return on such gainsMulti-asset mutual fund taxation depends on equity and debt exposure. Equity-oriented funds have specific tax rates and holding periods. De...
- Lady with Rs 5.28 lakh income pays no tax despite Rs 1.42 lakh STCG from equities; Know why ITAT Mumbai allowed the Section 87A rebateEver since the Income Tax utility has disabled the option to claim Section 87A tax rebate on short term capital gains (STCG) from listed eq...
- How to file ITR-3 online on the Income Tax e-filing portal for AY 2026-2027Individuals with business income must file ITR-3 for AY 2026-2027. This form captures various income sources, including salary and capital ...
- Son becomes NRI, gifts shares worth Rs 30 lakh to father; should this be disclosed in ITR? What taxpayers must do to avoid tax noticesNRI son gifted Rs 30 lakh shares to his father through an off-market transfer. Should it be reported in ITR? Although a genuine gift of sha...
- Cipla Q1 Results: Cons profit drops 39% YoY to Rs 789 crore; revenue rises marginallyCipla Q1 Results: Pharma major Cipla reported a 39% year-on-year decline in Q1FY27 consolidated net profit to Rs 789 crore, mainly due to a...
- Arunachal publishes draft electoral roll, opens claims and objections windowArunachal Pradesh's Chief Electoral Officer released the draft electoral roll for the 2026 revision. Over 7.18 lakh electors submitted form...
- India aims at 10 pc share in global merchandise exports by 2047: WTO reportIndia aims to significantly boost global merchandise exports by 2047. The nation is implementing various schemes to promote its export grow...
- Petrol, Diesel Prices Today (July 21): Fuel rates in Delhi, Mumbai, Kolkata and Chennai changed as crude oil dips below $90? Check herePetrol, Diesel Prices Today: Indian fuel prices remained unchanged on Monday, July 21, despite global crude oil falling below ninety dollar...
- Income tax return: How to report capital gains correctly to avoid ITR filing mistakesAll disclosure of capital gains must be filed in Schedule CG. This schedule houses separate sections for different types of gains. For accu...
- These property sellers may need to re-compute advance tax after delayed release of Cost Inflation Index for tax year 2026-27; here’s what to doProperty sellers may need to re-compute advance tax after the Cost Inflation Index release. This delay impacts individuals selling property...
- NRI woman sold her property in Gujarat for Rs 21 lakh, tax dept sent notices, she missed them as she lived abroad; later she files case and wins in ITAT AhmedabadITAT overturns STCG tax on Gujarat house sale: When Kaminiben, an NRI from Anand, Gujarat, sold her house for Rs 21.4 lakh in AY 2018-19, w...
- Income tax penalties explained: Under-reporting, not furnishing ITR, and more -Defaults and penalties under different sectionsIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 1...
- Presumptive taxation: Rebate to losses & deductions, what is the practical impact of changes under Income Tax Act, 2025Under the old Income Tax Act, 1961, the regime operated under three separate provisions. The new Income Tax Act, 2025 consolidates them int...
- Income tax slabs for Tax Year 2026-2027, FY 2025-26 (AY 2026-27) under the new tax regimeThe new Income Tax Act, 2025, takes effect from April 1, 2026, maintaining current tax slab rates. Highest tax rate remains 30% for incomes...
- Think ₹12.75 lakh salary means zero tax? These incomes may still attract tax
- FD rate up to 8.3% for senior citizens investing for three years; Know list of banksSenior citizens can now secure fixed deposit interest rates up to 8.3% for a three-year term with select small finance banks, offering a lu...
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