co-presented by
ASSOCIATE SPONSORS
co-presented by
ASSOCIATE SPONSORS
Selling in the open market attracts LTCG tax at an effective rate of 14.95%. In contrast, buyback proceeds are now taxed as dividend income at the investor’s applicable tax slab rate following an October 1, 2024 amendment
The money received by you, though referred to as a donation for medical purpose, is treated as a gift under income tax laws.
Do remember, it is not a bonus or extra income. It is excess tax being returned, make it work for you
For a 'let-out property', you can claim the full interest paid on a home loan as a deduction under Section 24 without an upper limit
According to PPF rules, an individual cannot deposit more than Rs 1.5 lakh in total across their account and those of their children
The threshold limit of Rs 50,000 applies only to gifts received by the HUF from non-specified relatives during a financial year. If the total value of such gifts exceeds Rs 50,000, then the entire amount becomes taxable in the hands of the HUF.
Gold as gift from relatives is tax-exempt but the gifts that exceed Rs 50,000 from people other relatives in a fiscal year are taxable
Section 54F exemption is available only if the taxpayer does not own more than one residential property on the date of sale of the asset(s), other than the new house being acquired.
Pension received from an ex-employer is taxable under the “salaries” head and is eligible for standard deduction
Benefit of indexation is available only for computing the final tax liability and not for other purposes, such as the amount to be invested for claiming exemptions or the amount of loss to be carried forward for set-off against income in subsequent years.
Gold ETFs and sovereign gold bonds offer tax-efficient alternatives to physical gold, providing portfolio diversification, tax benefits, and flexibility, making them attractive options for investors seeking gold exposure
If the income is earned by the child through her own manual work or by using her special talent and expertise, the clubbing provisions will not apply, and such income shall be taxed in her own hands.
The shares transferred by your father to your demat account are to be treated as a gift, and hence, there is no tax implication at the time of transfer. If you sell these shares, you will be have to pay LTCG
If the deadline of September 16 is missed, one can still file a belated return by 31 December 2025, which is the last date under normal provisions.
When a daughter-in-law receives gifts from her parents-in-law, or a wife receives gifts from her husband, there will be no tax liability at the time of receiving the gift, but any income earned from the gifted asset will be added to the donor’s income.
Any payment linked to the termination of employment is deemed income from salary and taxed accordingly
NPS to offer same tax benefits to new inflation-protected payouts; 100% equity option already available
Agricultural income is fully exempt under Section 10(1), but it must be included for rate purposes. This means that it is added to your total income to compute the tax rate applicable to your regular income, effectively increasing your average rate of tax.
Nippon India ETF Gold BeES tops the list with an AUM of Rs 23,832 crore, followed by HDFC Gold ETF at Rs 11,379 crore and SBI Gold ETF at Rs 9,506 crore
If an investor had held the parent shares for more than 12 months before the demerger, both the parent and the resulting company’s shares will qualify as long term
For computing the long-term capital gains, you have to obtain a valuation report to determine the value of the commercial property as of 1st April 2001, which is to be taken as the cost of acquisition.
The law allows claiming exemption on long-term capital gains from the sale of more than one residential house by investing the gains in a single residential house
A high-level meeting chaired by Karnataka Chief Secretary Shalini Rajneesh on September 24 had discussed congestion pricing on Outer Ring Road.
The rental income would be taxable in the hands of the father due to clubbing provisions
All central government employees who were covered under the NPS as of 1st April 2025 are eligible to switch from NPS to UPS. Employees who join central government service after 1st April 2025 must exercise their option to choose either NPS or UPS within thirty days of joining.
