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 ...
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 ...
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 ...
Courts and even tax departments recognize the difference between tax evasion and tax planning. Tax evasion is an illegal activity, bordering even on crime but tax planning is a legitimate way to ...
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.
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 ...
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 ...
Capital gains taxes are taxes levied on the profit from selling an asset for an amount greater than its purchase price. These taxes are categorized into short-term or long-term based on the asset ...
Capital gains tax applies to many investment transactions, so it's an important piece of the overall tax picture for millions of people. What follows is a review of how to determine whether you ...
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 ...