Would the capital gains tax apply to the redeveloped flat, which you took ownership of in 2024 and wish to sell in 2026? Today’s Ask Wallet Wise explains how Section 54F of the Income Tax Act, 1961, ...
Gold is a safe haven asset globally - and it’s also the traditional go-to savings and investment bet in India. Gold prices have been rising unpreceden.
ITAT Kolkata allowed a woman Section 54F exemption on Rs 26 crore LTCG from share sale after she invested proceeds in ...
A taxpayer successfully challenged an Rs 83 lakh capital gains tax exemption denial in ITAT Mumbai. The Income Tax officer erred by reopening the assessment without specifying the Section 54F ...
Investors selling shares or mutual funds can claim Section 54F LTCG exemption if proceeds are invested in a residential house or plot, with timelines.
Selling mutual funds or shares? Learn how Section 54F of the Income Tax Act helps you save long-term capital gains tax by ...
Lady sold listed Emani equity shares for Rs 26 crore and constructs house for Rs 53 crore; pays no capital gains tax; tax ...
The Tribunal held that deduction under Section 54F must be computed with reference to actual sale consideration received, not the deemed value under Section 50C. The matter was remanded for ...
The Tribunal held that capital gains must be computed using the final stamp value determined after litigation, not an earlier inflated valuation, and directed deletion of the resulting ...
As the new year begins, eight U.S. states have cut income tax rates, putting more money back in residents' pockets. Georgia did not lower its rates, but understanding how the state’s tax system ...
For years, no-income-tax states like Texas, Tennessee, and Florida have often led the pack in attracting and retaining residents looking to put down roots where they do not have to split ownership ...
KIRO Newsradio has reviewed what appears to be a working draft of the income tax on high earners being developed in Olympia, offering the first detailed look at legislation that has been crafted ...
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