While we are in the run-up to the Budget 2025, it is worth recalling that the previous Budget, announced on July 23 last year, overhauled capital gains tax for financial and non-financial assets.

Capital gains is the profit you make from selling a capital asset (real eastate, vehicle, collectibles etc) Learn about taxes ...

1. Section 112 of the Income Tax Act provides for taxation of Long-Term Capital Gain. The Finance Bill, 2024 amended Section ...

It may be safer to claim cost indexation from the respective year of payment of the home loan interest, and not from the year ...

Calculating taxes on investments involves downloading tax forms from your broker and grasping various investment tax rates.

Whether Parliament is prorogued or dissolved, the agency generally continues to administer proposed legislation ...

When selling equity shares listed on a stock exchange within 12 months of acquiring them, individuals may experience either a short-term capital gain (STCG on shares) or a short-term capital loss.

In both tax systems, Section 112A provides a tax exemption for Long Term Capital Gains (LTCG) of up to Rs 1.25 lakh on ...

To calculate your capital gain when selling ... couples to exclude up to $500,000 in home sale profits from capital gains taxes. Individuals can exclude up to $250,000. If you sell your primary ...

Tax-loss harvesting allows an investor to sell a security at a loss to offset capital gains income and then reinvest in a ...