Sorting tax bills and finding and filling out the right forms can be a challenge for those who rarely have cause to do so ...

The taxability of capital gains on the sale of farm land depends on whether the land qualifies as rural or urban agricultural land ...

Mint explains the intricacies of sections 54 and 54F of the Income Tax Act and how they can help cut your tax bill.

The public will not find out until after the election how the party plans to handle the thousands of property valuations ...

When you sell a primary residence, the IRS allows you to exclude from your capital gains taxes the first $250,000 of profits ...

NRIs selling property in India pay capital gains tax locally, but must also check how gains are taxed in their country of ...

In essence, the natural anxiety of parents about their children’s progress is being weaponised by the government, in order to ...

There is no explicit restriction in the Income Tax Act that prohibits claiming exemptions under both 54 and 54F sections in respect of the same residential house.

ITAT ruled that the sale of a commercial property after six years due to prolonged vacancy and financial pressure is a capital transaction, not an adventure in trade. The income must be assessed as ...

Selling to a tenant isn't automatically classed as a connected-person sale, but it can still fall into a grey area. If the ...

TurboTenant reports landlords can legally avoid taxes on rental income through strategies like the Augusta rule, deductions, ...

The way capital gains tax works for property sales sees sellers required to work out the “gain” they have made on the asset.