A home seller may not owe any capital gains taxes on sale of a principal residence if the transaction qualifies for the ...

Unit Linked Insurance Plans (ULIPs) with annual premiums exceeding Rs 2.5 lakh will be subject to a long-term capital gains ...

Chartered accountants differ on a salaried taxpayer’s eligibility for the tax rebate if her total income—including special ...

Budget 2025 offers a welcome increase in tax rebates, but it’s important to know where the benefits apply and where they ...

Experts anticipate that Budget 2025 should not announce new taxes, instead, provide tax rebates to boost the consumption ...

Not all your incomes qualify for the rebate benefit under Section 87A. Income from capital gains, lotteries, and other ...

Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, ...

The federal government has made a last-minute change to its capital gains inclusion rate increase. However, other tax changes ...

Budget 2025 clarifies that the tax rebate will no longer apply to income from capital gains or other sources taxed at special ...

you might be able to use a capital loss to reduce your income for your tax return, if you are reporting capital gains in the same year. Speaking of tax, a capital gains tax is the money owed in ...

Budget taxes income from Category I and II AIFs as capital gains at 12.5%, with business income taxed at higher rates (30% ...

The latest clarification classifies ULIPs as capital assets, with proceeds taxed under ‘capital gains’ instead of ‘income from other sources’ like earlier ...