Under the proposed new tax regime, income up to Rs 12 lakh for non-salaried class individuals and income up to Rs 12.75 lakh for salaried-class individuals are tax-free. But what if you are a salaried ...

If you're a tax resident of a foreign country that doesn't tax capital gains and has a residual clause under ‘capital gains’ in its double taxation avoidance agreement with India, you're in luck.

ITAT Mumbai held that as per circular no. 6 of 2016 dated 29 th February 2016, it is clear that it is the assessee who decides whether the shares are held as investment or stock-in-trade. Thus, here ...

This ITAT ruling will impact all NRIs investing in Indian mutual fund schemes, as the capital gains earned will not be subject to taxation in India. ( FE Online) The Mumbai income-tax appellate ...

By virtue of the tax treaty, capital gains on sale of mutual fund units is taxable only in the country of residence, and not in India." "This benefit of capital gains on sale of units not being ...

Ramkumar R As per the Income-Tax Act, 1961 (the Act), Section 54EC provides an exemption from capital gains tax if the long-term capital gains arising from the sale of land or building (or both ...