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PROPERTY SALE LONG TERM CAPITAL GAIN
₹20.45 lakh cash deposits, ₹12.64 lakh capital gains from property sale questioned by Income Tax Department; here’s why woman wins relief at ITAT HyderabadA Telangana woman successfully challenged an income-tax dispute involving substantial cash deposits and a property sale. The ITAT Hyderabad...- A $40 million restoration couldn’t save this historic castle from bankruptcy. Now it has sold for $72 million - Here’s the real estate lessonOheka Castle’s $40 million restoration brought the historic Long Island estate back to life, but it couldn’t prevent its owner from facing ...
- A 127-room castle, a hotel and weddings until 2028: What the $72 million Oheka Castle deal that featured in Taylor Swift's Blank Space includesOheka Castle, the 127-room Long Island estate featured in Taylor Swift’s “Blank Space” video, has sold for $72 million at auction. Seven bi...
- Rome says no to tourist tax, plans short-term rental curbs to tackle overtourismRome Mayor Roberto Gualtieri has decided against implementing an entry fee for tourists visiting the city. He believes that regulating shor...
- Jio’s big-bang listing may give it stock market’s No.2 crown after Reliance IndustriesJio Platforms could overtake Bharti Airtel to become India’s second-largest listed company after its October 28 debut, with a 22% grey mark...
- RH billionaire Gary Friedman bought a $15 million Beverly Hills mansion unfinished; three years later, he sold it unfinished for $24 millionGary Friedman sold his unfinished Beverly Crest mansion for $24 million, making a significant profit. The property, initially designed in 2...
- Govt seeks investor and expert views on LTCG and STT as it reviews capital market levies amid FPI exodusThe government has initiated a reassessment of long-term capital gains tax and securities transaction tax. Stakeholders, including investor...
- Sell rental properties or buy stocks? Dave Ramsey told one landlord to sell one, keep one, and claimed 20% to 25% returns. Here’s what the data showsDave Ramsey says rental properties can build wealth faster than stocks, but the returns are not guaranteed. A 37-year-old landlord with $25...
- Ripple billionaire Chris Larsen's family bought a 46-acre Napa estate for $13.5 million in 2025; inside its 5 homes, 4 vineyards; know how a school became a luxury estateIt had five residences, which included a main house, a pool house, a renovated Victorian home and a guesthouse. It also had four vineyards,...
- In 2021, a Pennsylvania property was sold at a tax sale; one owner's notice challenge changed the case; what exactly happened?In order to sell the property, the Tax Claim Bureau petitioned the Delaware County Court of Common Pleas on January 20, 2021. The hearing t...
- Tax matters, as does capital: Is it time for India to reconsider its LTCG tax policy on listed equities amid rising global competition?Debate on long-term capital gains (LTCG) tax and securities transaction tax (STT) has gained momentum, with the government recognizing its ...
- Income Tax Rules 2026: CBDT notifies Form 173A to claim exemption on interest, capital gains from government securitiesIn a significant update, the Central Board of Direct Taxes has rolled out Form 173A, effective from October 19, 2026, under the Income-tax ...
- I have LTCG tax liability of Rs 16 lakh from land sale; should I pay income tax or reinvest to save?ET Wealth Reader's Query: I am 57. I recently sold a piece of land near Jewar airport, resulting in a long-term capital gains (LTCG) tax li...
- Your inherited home is not a money machine: What Indian heirs must know
- NRI capital gains tax: When can you use the basic exemption limit to lower your income tax bill?For non-resident Indians, leveraging the basic exemption limit can help mitigate normal slab rate taxes on capital gains. However, it's imp...
- Homeowner sold redeveloped flat for Rs 1.95 crore, paid no income tax, received a tax notice; wins relief in ITAT MumbaiAfter redevelopment of housing society, homeowner sold his flat for Rs 1.95 crore, pays no tax, got tax notice, wins case in ITAT Mumbai fo...
- ₹1.70 crore undisclosed cash alleged in property sale, Income Tax Dept relies on WhatsApp chats and Excel sheets; here's why taxpayer wins at ITAT DelhiThe Delhi Income Tax Appellate Tribunal quashed the assessment against Mr. Sehgal regarding alleged undisclosed cash. The Income Tax Depart...
- Canada-based senior citizen faced income tax liability of ₹83.2 lakh as STCG; here's why he wins at ITAT Bengaluru on technical groundA recent ITAT ruling highlights the critical importance of following proper legal procedures in income tax reassessment cases. When a taxpa...
- Man earns Rs 75 lakh by redeveloping property inherited from mother, pays no income tax, receives notice, wins case in ITAT DelhiProperty owner inherits mother’s land, converts it into freehold, DDA grants mutation, redevelops it, gets Rs 75 lakh from builder, pays no...
- SBI economists call for scrapping LTCG tax on equitiesSBI economists are advocating for the elimination of long-term capital gains tax to stimulate sustained investment in Indian equity markets...
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