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.

Selling capital assets can lead to taxable gains, but strategic reinvestment can eliminate tax liability. Individuals and ...

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 ...

Subdividing land can boost property value but may trigger capital gains tax (CGT) when sold. Learn how CGT applies, key ...

Labour said the tax rate would be 28% to align with the corporate rate, so that property transactions are taxed like other business activities. It would apply at the sale of an asset and be charged on ...

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 ...