Man cuts taxable income by Rs 25 lakh by setting off losses from shares and mutual funds against current LTCG: ITAT Delhi clarifies rules – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/tax/man-cuts-taxable-income-by-rs-25-lakh-by-setting-off-losses-from-shares-and-mutual-funds-against-current-ltcg-itat-delhi-clarifies-rules/articleshow/126059844.cms Listen to this article in summarized format On November 18, 2025, ITAT Delhi allowed the set-off of carried forward long term capital loss

Indexation Benefit on LTCG Available Only from Date of Builder Buyer Agreement, Not Provisional Allotment: Delhi HC [Read Order]

Clipped from: https://www.taxscan.in/top-stories/indexation-benefit-on-ltcg-available-only-from-date-of-builder-buyer-agreement-not-provisional-allotment-delhi-hc-1433544?TRN300=CvbWznSUcADqkeKDfkCMsKGgAsZDwdMkVkUfBSPXwjHMedFSyMSBziulBMCAsx&LKD333=3247174 Delhi High Court ruled that indexation on long-term capital gains applies only from the date of the Builder Buyer Agreement and not from

Owning Multiple Houses Breaks Section 54F Claim: ITAT Clarifies ‘One Residential House’ Rule [Read Order]

Clipped from: https://www.taxscan.in/top-stories/owning-multiple-houses-breaks-section-54f-claim-itat-clarifies-one-residential-house-rule-1440070?TRN300=SVbWJqSuCAUqKecBUhvMckgWaSJdWdMKVckDHvPHwJwMVDFcyMSkjIDlkMSacx&LKD333=3279386 The Tribunal ruled that ownership of multiple independent residential units disentitles an assessee from claiming capital gains exemption even if the units are

Capital Gains for Home Buyers: Section 54F vs. Section 86 Explained [Old vs New Tax Act Series- Article 1]

Clipped from: https://www.taxscan.in/top-stories/capital-gains-for-home-buyers-section-54f-vs-section-86-explained-old-vs-new-tax-act-series-article-1-1440142?TRN300=SVbWJqSuCAUqKecBUhvMckgWaSJdWdMKVckDHvPHwJwMVDFcyMSkjIDlkMSacx&LKD333=3279374 This Article details the legal shift on capital gains on transfer of certain capital assets not to be charged in case of investment

Cutting LTCG mainly benefits the rich; don’t call it a middle class issue: Tax expert on capital gains tax regime – BusinessToday

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/cutting-ltcg-mainly-benefits-the-rich-dont-call-it-a-middle-class-issue-tax-expert-on-capital-gains-tax-regime-507281-2025-12-18 Official Income Tax Department data for Assessment Year 2023-24 shows that total LTCG reported by taxpayers stood at Rs 8.58 lakh crore, spread

Taxpayer earned Rs 81 crore tax-exempt income; I-T dept disallowed tax exemption on Rs 17 crore; Taxpayer fights and wins case in ITAT Delhi – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/tax/taxpayer-earned-rs-81-crore-tax-exempt-income-tax-dept-disallowed-tax-exemption-on-rs-17-crore-income-taxpayer-fights-and-wins-case-in-itat-delhi/articleshow/126050790.cms Listen to this article in summarized format Section 14A of the Income Tax Act, 1961 prevents taxpayers from claiming any tax deductions for expenses related to

Got foreign asset or income related intimation from Income Tax Dept? Here’s what CAs tell what you should do now – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/tax/got-foreign-asset-or-income-related-intimation-from-income-tax-dept-heres-what-cas-tell-what-you-should-do-now/articleshow/126053456.cms Listen to this article in summarized format The Income Tax Department is reaching out to taxpayers with bulk emails about disclosing foreign assets/income information for

I-T dept clarifies why intimations on property deals, foreign assets and AIS mismatches are being sent – The Economic Times

lipped from: https://economictimes.indiatimes.com/wealth/tax/i-t-dept-clarifies-why-intimations-on-property-deals-foreign-assets-and-ais-mismatches-are-being-sent/articleshow/126059022.cms Listen to this article in summarized format On December 18, 2025, at 5.58 PM, the Income Tax Department announced that they have received some references

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