All posts tagged "capital gains"
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37FINANCEHow is capital gains tax charged on the sale of financial assets including equity, mutual funds and debt? An explainer
If you are an active investor and often earn gains on the sale of your securities, bonds or mutual funds, you should...
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37BUSINESSGold taxation: Income tax laws for capital gains on gold have changed, know the new rules
The government has changed the capital gains taxation rules for all asset classes, including gold, mutual funds, equity, real estate, etc. The...
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42ITRHow can individuals minimise the tax burden associated with intergenerational wealth transfer?
While India does not currently have an estate tax or inheritance tax, there are other taxes that may come into play, such...
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30ITRIf total tax liability above Rs 10k, pay tax on STCG in advance
If you and your wife own the flat equally, the rental income will be split in the same proportion. If the ownership...
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34ITRNRI taxation: Can benefit from reinvesting real estate capital gains?
You can still claim an exemption from tax on capital gains under section 54 if you reinvest the capital gains into a...
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44BUSINESSInvested in debt mutual funds pre-April 2023? See if you get indexation benefit
Prior to April 2023, if you held debt mutual funds for more than three years, the gains were considered long-term and taxed...
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155MUST KNOWRelief For Taxpayers! Govt May Gives Option To Calculate LTCG Tax On Properties
Taxpayers can get option to chose between two tax options to take indexation benefits & reduce its tax liability. The central government...
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45BUSINESSRelief for property owners: LTCG indexation changes could apply from FY26
The new capital gains tax rules, effective from July 23, 2024, altered the calculation of capital gains by eliminating the indexation adjustment...
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76FINANCENew capital gains tax rules on property: Can you add stamp duty, home loan interest amount to property cost to lower LTCG tax?
Budget 2024 has reduced the tax on long-term capital gains arising on the sale of immovable property from 20% to 12.5%. However,...
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51ITR
Tax department explains new capital gains tax for properties bought before 2001
The clarification is crucial for taxpayers looking to understand how their capital gains will be calculated under the updated rules. The Income...
