HOUSE
Sold your house property or land? These nine sections in Income Tax law can help save capital gains tax
Indians can save capital gains tax on property sales. The Income Tax Act offers nine sections for tax reduction or zero tax. Sections cover residential, industrial, agricultural land sales. Investment in new properties or bonds provides exemptions. Relocation of industrial units to specific zones also offers tax benefits. Investing in eligible startups can reduce tax burden.
Father sells house worth Rs 67 lakh and shows only Rs 1,690 income in ITR, wins case in ITAT Ahmedabad; Know how
Dilip, an Indian taxpayer, won a case at the ITAT Ahmedabad regarding a Section 54 LTCG tax exemption. Despite initially facing scrutiny for claiming Rs 15.99 lakh as indexed cost of improvement with cash payments and selling his house below stamp duty value, the ITAT directed the tax officer to verify and allow his claim. Read more.
She sold her house for Rs 2.7 crore to buy seven new flats and paid no income tax, wins case in ITAT Delhi; Know how
Saroj sold her Punjabi Bagh house for Rs 2.7 crore. She then bought seven apartments in Greater Noida. She reported Rs 5 lakh income in ITR and claimed Rs 2.2 crore LTCG tax exemption. The tax department partially denied the exemption. Then Saroj appealed to ITAT Delhi. ITAT Delhi ruled in her favor.
How to file ITR if you have sold house or land in FY 2024-25
For AY 2025-26, individuals and HUFs selling property can save on capital gains by reinvesting in another property under Section 54/54F. Choosing the correct ITR form, like ITR-2 or ITR-3, is crucial. Depositing unutilized gains in the CGAS before filing the ITR is essential to avoid taxation. Taxpayers must report sale details and claim exemptions accurately in Schedule CG.
Mid-size housing projects set to gain most from GST rationalisation, says Amit Mamgain
The Goods and Services Tax rate change on cement and construction materials may help mid-size housing projects. Amit Mamgain of Yugen Infra says lower taxes will help developers and buyers. Metro cities may see more demand. Affordable housing will not change much. New rates may start after September 22, 2025.
Bill Pulte accused Fed Governor Lisa Cook of fraud. His relatives filed housing claims similar to hers
Relatives of Bill Pulte, head of a US housing agency, face scrutiny. Mark and Julie Pulte claimed tax breaks on homes in Michigan and Florida. Such breaks are for primary residences only. Michigan officials revoked the exemption after inquiry. Bill Pulte accused Lisa Cook of similar actions. Cook denies wrongdoing. The Pulte family has not commented on the matter.
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Trump was FBI informant against Epstein, claims US House Speaker Mike Johnson
House Speaker Mike Johnson defended Donald Trump amidst controversy over Epstein files, claiming Trump was an FBI informant against Epstein. Trump dismissed calls for transparency as a "Democrat hoax." Survivors are considering releasing their own list of abusers, while Congress debates a bipartisan bill for file disclosure.
Trump dismisses demands for transparency in Epstein case as "Democrat hoax" amid survivors' call to compile abusers' list
Donald Trump dismissed demands for transparency in the Jeffrey Epstein case, labeling it a "Democrat hoax." Pressure mounts in Congress for the release of Epstein case files, with survivors threatening to compile their own list of abusers. Republican Rep. Thomas Massie is pushing a bipartisan bill for full file disclosure, facing opposition from House leadership and the White House.
All 152 DDA flats sold within an hour under 'Apna Ghar Aawas Yojana'
Delhi Development Authority's 'Apna Ghar Aawas Yojana' witnessed remarkable success as all 152 flats were booked within an hour, potentially generating Rs 100 crores. Due to high public demand for affordable housing, DDA has extended the scheme until November 26, 2025, offering ready-to-move-in flats across various categories and locations.
At White House dinner, Trump lauds Nadella, Pichai amid praises from executives
Trump hosted a power-packed cohort of technology executives for dinner at the White House on Thursday, saying the "high IQ group" is leading a revolution in business.
Trump hosts tech titans - but not Musk - at White House dinner
President Trump hosted tech leaders at the White House, showcasing AI research and investments. He emphasized the financial commitments from companies like Meta, Apple, Google, and Microsoft.
Not had talks with White House for longer-term Fed post: Nominee Stephen Miran
President Trump's pick for a short-term Fed post stated he hasn't discussed a longer-term nomination with the White House. This denial came after senators raised concerns about his potential vulnerability to presidential pressure on interest-rate votes due to his continued role as a White House economic advisor. Miran assured he would remain independent.
Trump's Fed nominee says he'd keep his White House job even if confirmed by the Senate
Stephen Miran, nominated by President Donald Trump for the Federal Reserve board, testified before the Senate. Miran stated he would keep his White House position even if confirmed for the Fed. He would take unpaid leave from the Council of Economic Advisers. He would only resign if nominated for a longer Fed term. Lawyers advised this arrangement.
Big cheer for homebuyers! Homes may get cheaper with lower GST on cement
The government's decision to lower the GST on cement from 28% to 18%, effective September 22, 2025, is expected to reduce housing construction costs. Experts predict a 5-7% decrease in overall project expenses, particularly benefiting affordable and mid-income housing. Notably, cement is a crucial construction material, contributing between 10-12% of construction costs.
Stocks in news: Jio Financial, Swiggy, Aptus Value Housing, Coal India, Maruti Suzuki
Indian markets surged, fueled by GST Council optimism. Key highlights include BHEL securing a ₹2,600 crore order and Swiggy raising platform fees in high-demand areas. Aptus Value Housing faces a potential share sale by WestBridge Capital, while Maruti Suzuki unveils its new Victoris SUV. Coal India is venturing into renewable energy with significant solar and wind power plant tenders.
GST relief on building materials set to ease construction costs, support housing
The GST Council's decision to lower tax rates on essential construction materials like cement, marble, and granite is poised to benefit the real estate sector. This move is expected to reduce project costs for developers and homebuyers, potentially leading to increased housing affordability and accelerated project launches.
Urban Company bets on quick service Insta Help as a growth driver
Urban Company is betting on its new Insta Help service, which offers quick access to trained house-helps, to boost user engagement and repeat usage. Currently available in select cities, Insta Help aims to fulfill service requests within 15-30 minutes, targeting situations where regular help is unavailable. This launch occurs amidst growing investment in the quick house-help sector.
Melania Trump explodes over THIS White House rule that disrupts her daily life
There is one White House rule that has left First Lady of the United States Melania Trump so frustrated that she complained to Donald Trump about it. When Trump was asked about a dark, unidentified bag was filmed being thrown from a second-floor window - right into a restricted area, he revealed how the windows have left Melania annoyed too.
Shringar House of Mangalsutra IPO to open on September 10. Check price band and other details
Shringar House of Mangalsutra is set to launch its IPO on September 10, aiming to raise funds through a fresh issue of equity shares. Specializing in mangalsutras, the company holds a notable market share and intends to utilize the IPO proceeds for working capital and general corporate purposes.
Mumbai Housing Registrations Dip in August, But Remain at Record Highs YTD: Nuvama
Mumbai's housing registrations saw a minor decrease in August 2025 due to heavy rains. Registrations fell by 3% year-on-year. Despite this, it was the second-best August ever after 2024. Residential properties dominated demand. Western suburbs led regionally. Year-to-date registrations remain high. Nuvama anticipates sales to increase with new launches and potential rate cuts.
House committee releases some Justice Department files in Epstein case, but most already public
The House Oversight Committee released Justice Department files on the Jeffrey Epstein and Ghislaine Maxwell investigations, fulfilling congressional demands for more transparency. However, much of the released information was already public, including court filings, police footage, and victim interviews.
Did someone really throw a bag out of White House window? Trump reacts on viral video; here’s what he said
President Trump dismissed a viral video showing a black bag being thrown from the White House as AI-generated, citing sealed, heavy windows. This claim contradicts his administration's spokesperson, who stated the video depicted routine maintenance by a contractor during Trump's absence at his Virginia golf club. The US president was not at the White House for some of the weekend.
Epstein files or something else: Mystery bag, thrown from White House window, sparks wild theories online
A bag was thrown from a White House window on Labor Day. The incident occurred on September 1. The bag landed in a restricted area. This event has triggered many online theories. The Secret Service and White House have not commented. Some speculate about renovations or sensitive documents. Others suggest more outlandish scenarios. The mystery continues to intrigue the internet.
Viral clip sparks frenzy: What was really thrown out of that White House window?
A video from the White House went viral. It showed an object thrown from a window. This led to online rumors. The White House stated a contractor threw the item during maintenance. Donald Trump was away at the time. Social media users speculated about Melania Trump's involvement. Security protocols were also questioned. The incident continues to generate discussion online.
Inside govt's plan to make your dream house more 'affordable' amid luxury boom in India
As India's luxury real estate booms, the government intensifies efforts to boost affordable housing. The Centre urges states to control land prices and implement policies for accessibility, including lower land costs for affordable projects under PMAY. Policy reforms and a compliance framework are proposed to ensure affordable housing development, emphasizing suitable locations and integrated approaches.
Riding the growth wave: Top 4 affordable housing finance companies to watch in 2025
Affordable housing finance companies (AHFCs) are outperforming other non-banking financial companies, driven by lower borrowing costs and rising demand. Policy support and low mortgage penetration in mid- and low-income segments are expected to fuel further growth. While competition and rising costs pose challenges, AHFCs are poised to capture a significant share of the affordable housing finance market.
Affordable housing needs policy mix beyond floor space index: MoHUA Joint Secretary
Kuldip Narayan says that only increasing FSI will not solve India's housing problem. A complete policy is needed. This includes land availability and economic incentives. He suggests a compliance framework for residential and commercial projects. Debasish Prusty says Rajasthan is upgrading its policies. He is encouraging private sector innovation. Central and state governments must coordinate.
Trump wants to axe an affordable housing grant that's a lifeline for many rural communities
Rising housing costs across rural America have made ownership impossible for many. A federal grants program, HOME Investment Partnerships Program, is important for affordable housing solutions. However, the proposed budget cuts by Trump threaten to eliminate this program, potentially jeopardizing tens of thousands of affordable housing developments, especially in rural areas.
'Was it vandalism or, was it stupidity?’: Trump tears into White House contractor after spotting 'huge gash' in New Rose Garden limestone
Trump expressed anger over damage to the White House Rose Garden. He blamed a subcontractor for a "gash" in the limestone. The US president shared security footage on Truth Social. The video shows workers with a cart. He fired the contractor and vowed they would never work at the White House again. The Rose Garden renovation began in June 2025.
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