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STCG ON PROPERTY
NRI Talk| For a Rs 50 crore NRI portfolio, structure matters as much as stock selection: Tarun BiraniNRIs view India with cautious optimism, recognizing its long-term growth potential despite recent market flatness and rupee depreciation. D...
Income Tax AY 2026-27: Even if your salary income is below Rs 12.75 lakh, you still need to pay tax for these incomesIncome Tax AY 2026-27: Salaried individuals earning up to Rs 12.75 lakh annually may enjoy zero tax liability due to enhanced Section 87A r...
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
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...
Gold taxation explained: Physical vs ETF vs SGB vs inherited goldIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 9...
Interest on fixed deposits like LTCG and STCG, lock-in period of 3 years like ELSS for 80C advantage, what SBI Research suggests for Budget 2026SBI Research proposes aligning fixed deposit interest tax with capital gains. It also suggests shortening the lock-in for tax-saving FDs to...
Capital gains tax rules for FY 25-26: Experts explain STCG, LTCG tax rule changes they expect in Budget 2026As Budget 2026 approaches, taxpayers anticipate a more consistent capital gains tax framework. Experts suggest aligning holding periods for...
Capital gains: Latest LTCG and STCG rates and holding periods for various assets for AY 2025-26Recent changes in capital gains taxation, including updates in Budget 2024, impact holding periods and tax rates for various assets. While ...
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...
Taxable income below Rs 7 lakh: Will you pay zero income tax if this income includes LTCG and STCG for FY 2024-25?Zero tax on incomes up to Rs 7 lakh: Budget 2025 clarified that tax rebate under Section 87A will not be available to incomes that are taxe...
LTCG tax computation on sale of house property: How this ITAT order favouring a taxpayer will change the way capital gains is calculatedThe income tax dept imposed Rs 1.42 crore short term capital gains (STCG) on house that was sold in FY 2009-10. This flat was alloted on Oc...
Have income above Rs 3 lakh? Pay zero tax if your income is up to this limit, thanks to rebate under section 87AIncome tax rebate: Under section 87A you can get a maximum tax rebate of Rs 12,500 under the old tax regime and up to Rs 25,000 under the n...
I want to buy a house in Canada by selling all my stocks in India. What will be my tax liability?Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Budget 2023: Are there any changes announced in LTCG, STCG taxation?There was media reports that Budget 2023 may announced changes in the LTCG, STCG taxation rates and rules. However, the Finance Minister Ni...
Budget 2022: From long-term to short-term capital gains, here's how to master your tax gameThe budget capped surcharge at 15 per cent on long-term capital gains (LTCG) tax for all listed and unlisted corporations, a long-standing ...
Tax queries: No GST on sale of unfinished flat to another home buyerDilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
No GST on sale of unfinished flat to another buyerLiquid and debt based funds are taxed at the slab rate if redeemed within 3 years. How would I pay STCG?
Filing LTCG on stocks in I-T returns to be trickyThe ITR form allows only consolidated figures instead of reporting each transaction separately.
Here's Budget 2017 impact on your capital gains tax and how to maximise your benefitGains from the sale will now invite LTCG taxed at reduced rate of 20%. You’ll also be eligible for various exemptions on reinvestment.