The second addition arose after the man transferred five of the six flats to his wife…
Tag: capital gains tax
Man sells ancestral agricultural land for Rs 8 crore, buys two properties and claims LTCG exemption; faces Rs 6.36 crore tax additions, why ITAT Chandigarh gave relief under Sections 54B and 54F
The ITAT Chandigarh eventually ruled substantially in the man’s favour on both questions. (Image for representative…
He surrendered tenancy rights for redevelopment and got 2 flats worth Rs 1.38 crore; taxman added it as income, why ITAT Mumbai gave him relief
The two flats provided to him under the PAA were valued at Rs 1.38 crore by…
Sold a property funded entirely by you but jointly owned with your wife? You may claim 100% Section 54 LTCG exemption on a new home in your name; what your wife should report in her ITR
Section 54 provides relief from long-term capital gains tax when an individual or HUF sells a…
Property inherited from parents: Check if you need to pay taxes on it
Property is often passed down through generations as part of a family’s legacy. While inheriting a…
G-Secs rally as govt and RBI ease foreign investing rules
MUMBAI: Bonds rallied after govt and RBI announced measures to encourage foreign investment in govt securities…
US-Iran war: India looks to attract foreign investment; capital gains tax on government securities may be scrapped
At present, foreign investors are required to pay a 12.5% long-term capital gains tax on listed…
Cabinet backs ordinance to ease tax rules for foreign investors in some securities | India News
NEW DELHI: The Union Cabinet on Wednesday recommended an ordinance to ease tax rules for foreign…
Selling a property? Here’s all you need to know about capital gains tax rules |
Selling a property can leave you with a sizable profit, but it can also rake up…
As popular investment adviser Barrett Linburg gives ‘crazy tax idea’ to Elon Musk; Tesla CEO responds; says: I am not …
Elon Musk’s SpaceX is reportedly moving closer to become a public company. But before the rocket…