One house, two tax breaks: How Sections 54 and 54F can both work for you

Today's Ask Wallet Wise query decodes can exemptions under different sections be claimed for the same property? The Ask Wallet-Wise initiative offers expert advice on personal finance and ...

Denied Rs 91.45 lakh capital gains relief, taxpayer appeals in ITAT; tribunal turns the table on Income Tax Department

Pune ruled that investing full capital gains into a new property qualifies for Section 54F exemption, even if the entire sale consideration wasn't deposited in the Capital Gains Account Scheme (CGAS) ...

Redeveloping inherited property? Tax rules you need to know if selling a portion

Section 54F provides for exemption from long term capital gains arising from sale of commercial property if the net sale consideration is invested in a residential house property ...
Tax Guru

Section 263 Upheld Due to Lack of Enquiry on Section 54F Claim & Foreign Property Ownership

ITAT Hyderabad held that failure of the Assessing Officer to examine ownership of multiple houses while allowing Section 54F deduction made the order erroneous and prejudicial. The matter was remanded ...
Tax Guru

Income Tax Act 2025 vs Income Tax Act 1961: Key Section Changes

The 2025 Act restructures and renumbers sections across all five heads of income. Understanding the old-to-new section comparison is essential for accurate interpretation from FY ...
National Bureau of Economic Research

How Much Tax Do US Billionaires Pay? Evidence from Administrative Data

We estimate income and taxes for the wealthiest group of US households by matching Forbes 400 data to the individual, business, estate, and gift tax returns of the corresponding group in 2010–2020. In ...