Capital Gain

Step-by-Step Tax Planning for the NRI Seller of Agricultural Land

Capital Gain, Income Tax, NRI /

Reading Time: 3 minutesHere’s a practical and legally sound tax planning strategy for an NRI who has sold agricultural land in India considering:• They deposited the capital gain in CGAS under Section 54B, but• FEMA restrictions prohibit them from buying agricultural land, and• They wish to explore alternatives to reduce or avoid tax legally. 🔁 Step-by-Step Tax Planning […]

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Are Gifts from Step-Siblings Taxable? ITAT Mumbai Ruling Explained | Income Tax Guide 2025

Capital Gain, Income Tax /

Reading Time: 3 minutesMumbai ITAT rules gifts from step-siblings are not taxable under Section 56(2)(vii)(b). Learn the case facts, tax impact, FAQs, and practical insights for Indian taxpayers. 🧾 Q1: What’s the core dispute in this case?A: The heart of the matter was whether a gift of property worth ₹7.88 crore from a step-sister to her step-brother should

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How to Save Capital Gains Tax on Property Sale in India (With Real Case Study)

Capital Gain, Income Tax /

Reading Time: 4 minutesIf you are planning to sell your property in India, the Capital Gains Tax can eat into a big part of your profits. However, the Income Tax Act, 1961 provides several exemptions that can help you reduce or even eliminate tax liability—if used smartly. In this article, we will explain how one couple legally saved

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F&O Income Tax Guide 2025 – ITR Filing, Audit Rules, Advance Tax & Deductions

Capital Gain, Income Tax /

Reading Time: 3 minutesLearn how Futures & Options (F&O) income is taxed in India. Understand ITR forms, turnover calculation, audit limits, deductions, advance tax & FAQs with Income Tax Dept links. 🔵 Q1: F&O income kis head mein aata hai – capital gains ya business income? A: Great question! F&O trading is considered non-speculative business income under Section

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🏡 Can Owning Multiple Floors Cost You a Capital Gains Exemption?

Capital Gain, Sec 54F /

Reading Time: 3 minutesSection 54F Simplified with Real-Life Tax Insights.A crisp and clear explainer on how Section 54F works—especially when it comes to multi-floor homes. Q1. What is the main purpose of Section 54F of the Income Tax Act?Section 54F is designed to reward taxpayers who reinvest their long-term capital gains into residential property. If you sell a

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Market Profits below exemption but High Tax? Know Why Investors Get Shocking Tax Bills in India

Capital Gain, Share Market /

Reading Time: 3 minutesMaking stock market profits but shocked by your income tax bill? Learn how intraday, F&O, STCG, and LTCG are taxed in India. Avoid costly mistakes with this clear guide. 📉 Why You’re Paying High Tax Despite “Moderate” Market ProfitsYou made ₹7 lakhs in total profits from the stock market—yet got a tax bill of ₹74,000+?

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Smart Strategy to Save Capital Gains Tax in India

Capital Gain /

Reading Time: 3 minutesThinking of selling a plot, gold, or unlisted shares and buying a residential house?Section 54F could be your best tax-saving opportunity. Let’s decode how you can legally avoid capital gains tax with proper planning. ✅ What is Section 54F and Why It’s Crucial for Your Capital Gains Planning? Section 54F of the Income-Tax Act provides

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