My father gifted me a house worth ₹54.5 lakh in June 2017. I have paid ₹4.5…
Tag: capital gain
Tax department released new cost inflation index
New Delhi: The Central Board of Direct Taxes has notified a new cost inflation index for…
GST clarity on crypto assets may take time
New Delhi: Plans to bring more clarity on whether the Goods and Services Tax (GST) is…
Capital gains tax likely to increase for high net worth individuals
High Net-Worth Individual, popularly known as HNI, is not defined anywhere, but in common parlance generally…
My father bought a plot and gifted it to me. I sold it. How is income tax calculated?
My father had bought a plot of land in 1995 for Rs. 50,000. He transferred me…
History of Capital Gains Taxation in India
From debating whether capital gains tax will discourage investment or not, to bringing various provisions in…
Know how to get tax benefit on LTCG after selling the house
Have you recently sold a property after holding it for two years and are wondering how…
Market Linked Debentures: Are They Genuine or Deceptive?
Market-linked debentures, or MLDs, are debt instruments that were clearly envisioned as an innovative structured product,…
How legal heirs are taxed on sale of property
A friend died and his property is now being sold by his wife and their four…