Act allows taxpayers to claim exemption of capital gains tax by buying residential property from the proceeds of jewellery ...
Taxpayers seeking to save tax from the sale of gold (including inherited) should reinvest the capital gains in residential ...
India's Income Tax Act, specifically Section 54F, provides a unique tax exemption opportunity for individuals selling jewelry. This provision allows taxpayers to avoid capital gains tax (at a 20% ...
Maintaining proof of interest payments during the construction phase is crucial for claiming this deduction. Seeking guidance ...
Experts suggest people to weight pros and cons both before they make any decision to buy gold. Though gold is considered a ...
Balwant Jain, an expert in income tax affairs, says that there is a separate provision for Hindu Undivided Families (HUF) in ...
1. This article covers reporting of Capital Gain on the sale of Immovable Property in ITR 2. An attempt has been made to simplify the return filing with the help of Illustrations and Frequently Asked ...
You can avail of tax benefits on home loans under various Sections of the Income Tax Act. Under Section 80C, you can take a ...
When is capital gains tax payable on the sale of property? And at what rate are capital gains taxed? We answer these questions and more. Capital gains. Even the mention of these two words together ...
Capital gains tax (CGT) is payable when an individual sells a valuable asset they own – most commonly, this will be a property that’s not their main residence, or shares. It’s one of a ...
Premium If you have sold jewellery after holding for three years, you are entitled to pay long term capital gain tax at the rate of 20 percent // photoby priyanka parashar If you have sold ...