Stealth, skies and sovereignty: India's fighter jet plan takes offThe Defence Ministry has issued tenders for India’s indigenous fifth-generation Advanced Medium Combat Aircraft (AMCA) programme to three p...
27 May, 2026, 09.23 PM IST
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...
22 May, 2026, 07.21 AM IST
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...
05 May, 2026, 04.15 PM IST
FCNR FD interest rates: SBI vs PNB vs HDFC Bank vs ICICI Bank - which gives you best rates; eligibility and taxation on interest explainedFCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR under Section 10(15)(iv)(fa) of the...
29 Apr, 2026, 01.35 PM IST
Denied Rs 91.45 lakh capital gains relief, taxpayer appeals in ITAT; tribunal turns the table on Income Tax DepartmentThe Income Tax Appellate Tribunal (ITAT) Pune ruled that investing full capital gains into a new property qualifies for Section 54F exempti...
26 Feb, 2026, 11.35 AM IST
Lady sells listed equity shares for Rs 26 crore and constructs house, pays no capital gains tax; ITAT Kolkata rules in her favourA woman successfully claimed capital gains tax exemption on Rs 26 crore from selling shares. The Income Tax Appellate Tribunal in Kolkata r...
14 Feb, 2026, 12.32 PM IST
Worried about 12.5% LTCG tax on sale of shares, MFs, gold, or property? CA shares how to cut it to zeroSection 54F of the Income Tax Act offers a way to eliminate capital gains tax on long-term assets like shares or property. This provision a...
12 Sep, 2025, 03.29 PM IST
90 crore tax deduction approved! Delhi HC allows 54F income tax deduction for buying multiple floors! Here's what it means for youIn a decision bringing clarity to Section 54F deductions under the Income Tax Act, the Delhi High Court has clarified that owning multiple ...
20 May, 2025, 11.03 AM IST
Delhi HC denies capital gains tax exemption u/s 54F claim by a widow who bought two non-adjacent flats in NoidaSection 54F: This section allows individual and HUF taxpayers to save tax on capital gains arising from the sale of a long-term capital ass...
26 Feb, 2025, 11.45 AM IST
Budget 2024: Zerodha's Nithin Kamath wants govt to add additional exemption in capital gains taxSection 54F of the Income Tax Act offers an exemption on long-term capital gains earned from selling assets (excluding residential houses),...
12 Jul, 2024, 07.23 PM IST
Joint-ownership in existing flat will not bar tax benefit on investments in another house: ITATWhen a taxpayer earns long-term capital gains from sale of any asset (other than a house property), the tax arising on the gains can be sav...
09 Apr, 2024, 04.17 PM IST
Last min window to save LTCG tax sees surge in registrations of luxury properties; deduction to be capped at 10cr from Apr 1As per Explanatory memorandum for Budget 2023, the provisions of sub-section (2) of section 54 and sub-section (4) of section 54F that deal...
30 Mar, 2023, 06.16 PM IST
Investment limit capped at Rs 10 crore for capital gains account scheme from FY2023-24The government set a limit of Rs 10 crore for the long-term capital gain tax deduction for reinvestment in residential properties in Budget...
30 Mar, 2023, 03.48 PM IST
Budget 2023 should remove this anomaly to make claiming tax exemption on LTCG under section 54F easierThe current income tax provisions allow an individual taxpayers to claim exemption from having to pay capital gains tax from long term capi...
27 Jan, 2023, 10.45 AM IST
Planning to save LTCG tax by buying new house? Govt extends time limit till March 31, 2023The Central Board of Direct Taxes (CBDT) has issued a circular on January 6, 2023, to extend the time limit to claim tax exemption under se...
07 Jan, 2023, 02.51 PM IST
How to claim tax exemption under section 54F?Exemption u/s 54F can be availed within a year before or two years after the date of transfer of shares (assuming these are held for long t...
24 Feb, 2020, 12.27 PM IST
Tax queries: Do I need to pay outstanding tax demand if amount is less than Rs 100?The Government has issued a press note dated Jan 5, 2012, wherein it is clarified that demand of less than Rs 100 will not be collected fro...
28 Sep, 2017, 09.56 AM IST