Clipped from: https://marathi.indiatimes.com/business/real-estate-news/income-tax-rules-for-ancestral-property-and-inheritance-legal-rules-in-india-should-know/articleshow/122827956.cms Income Tax on Ancestral Property Rule : आयकर विभागाने करदात्याला वारसा किंवा मृत्युपत्राद्वारे मिळालेल्या जंगम किंवा स्थावर मालमत्तेबद्दल कधीही प्रश्न विचारला तर करदात्याला
Day: July 24, 2025
*******This ITR default could trigger penalty: Beware if STCG or LTCG crosses ₹5 lakh total income – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/this-itr-default-could-trigger-penalty-beware-if-stcg-or-ltcg-crosses-rs5-lakh-total-income-485798-2025-07-23 For example, a taxpayer earning ₹3 lakh in salary and ₹3 lakh in STCG has a total income of ₹6 lakh. While slab
*****Missed this new July 23 tax rule? You might overpay capital gains on your ITR 2025 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/missed-this-new-july-23-tax-rule-you-might-overpay-capital-gains-on-your-itr-2025-485811-2025-07-23 Gold, debt, and other capital assets see their holding period for LTCG classification drop from 3 years to 2, with a unified 12.5%
*******How much tax do NRIs pay on selling property in India? Here’s what changed after Budget 2024 25 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/nri-property-tax-changes-budget-2024-ltcg-no-indexation-higher-tds-485974-2025-07-23 Budget 2024-25 introduced significant changes to the way NRIs are taxed on property sales in India. One of the major shifts is the
*******CBDT to ramp up AI-led crackdown on tax evasion ahead of new income tax law: Chairman Ravi Agrawal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cbdt-to-ramp-up-ai-led-crackdown-on-tax-evasion-ahead-of-new-income-tax-law-chairman-ravi-agrawal/articleshow/122866379.cms Synopsis The Central Board of Direct Taxes will intensify efforts to combat tax evasion. They plan to use data analytics and artificial intelligence.