I sold urban land and deposited the money in the Capital Gains Account Scheme before the due date for filing the ITR. In the current year, I have sold another urban land. I wish to invest the ...
Akshaya Tritiya is considered auspicious for buying valuable assets, including gold and silver, by Indians. Every year, the demand for gold rises ahead of Akshaya Tritiya or Akha Teej, which is ...
An individual who has sold equity shares and/or equity mutual funds is eligible for tax exemption of up to Rs 1 lakh on long term capital gains. However, LTCG tax exemption can be claimed only if STT ...
Selling these items separately as ‘personal effects’ can reduce capital-gains tax for the seller and stamp duty for the buyer, but only if original invoices are available for each item.
Knowing the rules for capital gains tax on residential real estate and home sales is important, especially since your property has likely increased in value since you purchased it. Eventually ...
In this article, we delve into the joint appeal case filed by Sunil Amritlal Shah and Rita Sunil Shah (appellants) against the Income Tax Officer (ITO) for the Assessment Year (AY) 2011-12. The crux ...
How Capital Gains Are Reported on Your Tax Return Whether you have capital gains – or losses – you report them on Schedule D, which you attach to Form 1040.The form includes both net long-term ...
Americans are increasingly facing capital gains tax when they sell their homes. In 2023, "roughly 8%" of home sales were hit with capital gains tax, which marks "more than double the share in 2019 ...
The tax-free allowance for capital gains has been slashed yet again, dropping from £6,000 to £3,000. But luckily there are ways you can avoid the latest tax grab. This year’s allowance cut ...