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

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 ...

Budget 2025 announcements included reforms related to income tax, TDS, tax on second housing property, crypto investent, etc.

The Union budget 2025 presented in the Parliament today on 1st February 2025, the Finance Minister Mrs. Nirmala Sitharaman has given the middle-class taxpayers a big Income tax relief, Under the new ...

Union Finance Minister (FM) Nirmala Sitharaman, who presented her eighth consecutive Union Budget on February 1, streamlined ...

Finance Minister Nirmala Sitharaman, in her Budget speech, announced new income tax slabs under the revised tax regime, ...

To continue with this discussion, here is a broad overview of all the taxes that are applicable to an Indian consumer.

As a starting point for your calculations, you must work out the difference between what you paid for the assets and what you ...

The upcoming Budget 2025 represents a opportunity to align India’s tax system with global standards and lay the foundation ...

Broadening the tax base to achieve reduced tax rates for existing taxpayers ... provided with the certainty that gains on sale of shares will be taxed as Capital gains under the Act.

Long-term capital gains exceeding Rs 1.25 lakh attract LTCG tax. Typically, the long-term capital gains attract a lower tax rate than the short-term capital gains tax. Hence, holding an investment for ...