Equity intraday trade: Buy and sell equities on the same day. Equity delivery trade: Buy equities on Day 1 and keep it in ...

They must report Indian assets if income crosses Rs 1 cr as threshold for capital gains has increased, say experts ...

Section 54 LTCG tax exemption claim valid without revised ITR; Confirms LTCG deduction on new property purchase in Delhi; ...

With India’s tax laws tightening around retirement products, high-income earners must rethink their strategies. From capital ...

If a house is inherited from a grandfather and later rented out, the rent is taxable. Interest from inherited bank accounts ...

The rationale is that long-term capital gains on assets such as land and buildings should apply only to real profits, ...

NRIs living in the UAE can benefit from the country’s zero-tax regime and India’s tax treaties to minimise their overall income tax burden.

Tax expert CA Nitin Kaushik  warns that using the wrong ITR form or making mistakes in reporting capital gains can lead to tax notices, refund delays, and even penalties.

However, the scope of indexation benefits has been narrowed. The Finance Act of 2024 restructured capital gains tax provisions as part of the government’s broader push to simplify the tax system.

The tax expert said ULIPs no longer guarantee tax-free returns. Investors paying over Rs 2.5 lakh annually may face capital ...

Capital gains tax applies when you sell assets like real estate, stocks, or mutual funds at a profit. But the amount of tax you pay depends on two key factors: how long you've held the asset and what ...

First-time income tax filers often make easily avoidable mistakes that can lead to refund delays or scrutiny. Common errors ...