HOUSE SALE CAPITAL GAINS
Flooded streets, empty sites: Gurgaon realty hits a snag
Gurgaon's infrastructure collapse, exacerbated by heavy monsoon rains and lack of dedicated development, has significantly impacted real estate sales, causing a dip in buyer site visits. Experts suggest Noida may benefit from Gurgaon's woes due to its superior infrastructure. The situation is further compounded by investor speculation and upcoming inauspicious periods, leading to overall sales decline in the NCR.
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.
If you don’t make these 8 disclosures, your ITR may be treated as defective
Filing income tax returns (ITR) requires careful attention to detail, as certain omissions can lead to a defective ITR. Key disclosures include foreign assets, income, crypto transactions, and unlisted equity shares. Failing to report these details, especially for residents with overseas holdings, can result in penalties and even imprisonment, though some relief exists for movable assets under Rs 20 lakh.
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.
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.
Urban Company IPO: Do valuations give investors any room for listing gains?
Urban Company, India’s largest home services platform, is all set to launch its much-awaited IPO next week.
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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.
IPO Calendar: Urban Company to lead Rs 2,700 crore worth offers in a busy week
The Indian primary market is buzzing with activity as Urban Company, Dev Accelerator, and Shringar House of Mangalsutra launch their IPOs, collectively aiming to raise over Rs 2,700 crore. Urban Company's Rs 1,900 crore tech IPO is highly anticipated, while Dev Accelerator taps into the flexible workspace trend.
Smart investment: How can you get Rs 1 lakh monthly passive income
To generate a steady monthly income of Rs 1 lakh (Rs 12 lakh annually), the required investment corpus depends on the rate of return you expect your corpus would generate. Saving a lot of money per month has its own challenges due to a rise in inflation.
Colive partners with Sattva Group, Bain Capital to set up $ 100mn fund to build rental homes
Co-living space provider Colive has set up a USD 100 million platform in partnership with Bain Capital and realty firm Sattva Group to develop rental homes.
GST reforms to set stage for next investment cycle, provide tailwind for growth in coming quarters and years: Sanjiv Bajaj
Sanjiv Bajaj hailed the government’s GST rate cuts as the biggest reform since 2017, calling it a major driver for demand, lending, and financial services. He expects festive spending, MSME growth, and housing finance to benefit, alongside expanded insurance coverage due to exemptions.
Varun Beverages Ltd forms JV with Everest International to make refrigerators
Varun Beverages has entered into a joint venture with Everest International Holdings, forming White Peak Refrigeration. VBL holds a 50% stake in the venture, which will focus on manufacturing visi-coolers and other refrigeration equipment. The company has invested ₹21.25 crore, acquiring 2,12,50,000 equity shares in White Peak Refrigeration Pvt Ltd.
GST rate cut on raw materials offers lifeline to struggling fertilizer manufacturers
The reduction in GST rates on key fertilizer raw materials like sulphuric acid and ammonia to 5% has relieved the industry, according to SFIA. This move addresses a long-standing tax disparity where inputs were taxed at 18% while finished fertilizers were at 5%, easing liquidity pressures and benefiting MSMEs.
US economy in recession soon? State-level data signals downturn ahead as Moody’s warns Trump’s tariffs add looming risk
U.S. economy may be closer to recession than Washington admits. Fresh state-level data shows key regions like California and New York already faltering, and Moody’s chief economist Mark Zandi warns Trump’s tariffs could accelerate the downturn nationwide.
GST 2.0: A game-changer for Indian real estate
The forthcoming GST reforms, set to take effect on September 22, 2025, promise to deliver a significant boost to India’s residential, retail, and office real estate sectors.
Do you need to pay tax on inherited gold jewellery? CAs explain when you may
In India, inheriting gold jewellery is tax-free, but selling it incurs capital gains tax on the earnings. The tax is determined based on the indexed cost of acquisition, which includes the initial purchase price or fair market value as of April 1, 2001.
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.
Sharvaya Metals raises Rs 17 crore from anchor investors ahead of IPO launch
Sharvaya Metals has secured Rs 17 crore from anchor investors, including NAV Capital and Craft Emerging Market Fund, ahead of its Rs 59-crore IPO opening on September 4. The IPO includes a fresh issue and offer for sale, with proceeds allocated to capital expenditure, working capital, and general corporate purposes.
How to pay zero or lower income tax on your residential property sale using Sections 54 and 54F
Indian income tax laws offer exemptions on long-term capital gains (LTCG) from selling residential property and land. Sections 54 and 54F of the Income Tax Act allow individuals and HUFs to avoid LTCG tax by reinvesting the gains into a new residential property, subject to specific conditions and timelines for purchase or construction.
Kraft Heinz to split a decade after their megafood merger
Kraft Heinz will divide into two separate entities. This decision comes a decade after their merger. One company will manage shelf-stable meals, featuring brands like Heinz and Kraft Mac & Cheese. The other will oversee brands such as Oscar Mayer and Lunchables. The split aims to improve capital allocation and initiative prioritization.
I am an NRI. How can I take money out of India after selling inherited property and shares with minimum taxes?
I am an NRI with inherited property and shares in India. What are the best ways to repatriate funds without triggering high taxes or violating Foreign Exchange Management ACT (FEMA) rules?
Inherited property taxation: Know how to save capital gains tax on sale of inherited property or land
Inheriting property doesn't trigger immediate taxes, but selling it does incur capital gains tax, with exceptions. Tax laws allow using the property's fair market value as of April 1, 2001, potentially lowering the tax burden. The cost of acquisition and holding period of the parent are carried forward, impacting the capital gains calculation upon sale.
Residential sales hit 15-year July high, premium homes dominate: HSBC Report
India’s residential real estate market is showing early signs of recovery, with July 2025 recording the highest area sales in 15 years, according to HSBC. Premium 3-4 BHK apartments drove over two-thirds of total sales value, while NCR, Bangalore, and MMR emerged as key growth markets. Inventory remains manageable, suggesting sustained momentum in the coming quarters.
Auto ancillary sector delivered 6 multibaggers in 6 months. Can you still catch them?
Axis Securities sees the auto ancillary sector at a pivotal moment, with strong long-term growth driven by exports, premium vehicles, and rural demand recovery. However, short-term challenges like high valuations and global uncertainties may cool the rally. Experts advise caution, highlighting export risks, but remain optimistic about localisation and the EV shift fueling future growth.
Growth vs IDCW: Frequently asked questions MF Investors need to know
When investing in mutual funds, understanding the difference between 'growth' and 'IDCW' options is crucial. The growth option reinvests profits, leading to compounding and NAV increases, while the IDCW option distributes profits, providing payouts but potentially limiting long-term growth and decreasing NAV. Investors should carefully consider their financial goals when choosing between these options.
Husband has to pay income tax for wife’s Rs 17-crore land sale deal due to this reason; ITAT Bangalore ruling explained
In a recent ruling, the Income Tax Appellate Tribunal (ITAT) Bangalore held that a wife is exempt from income tax on the ₹17.26 crore sale of land gifted by her husband. The ITAT cited Section 64(1)(iv) of the Income Tax Act, stating that income from assets gifted between spouses is taxable in the hands of the transferor, not the recipient.
No income tax for lady who sold land for Rs 4.5 crore; Know how a 1955 circular and established case laws saved the day for her
Seema S sold property in Patna. She incorrectly claimed Section 54 for LTCG tax exemption. The tax officer rejected her claim. Seema appealed to ITAT Patna. Her lawyer argued about the assessing officer taking advantage of her ignorance. ITAT ruled in Seema's favor. The case was sent back to AO to allow claim for Section 54F. Read more.
Taxpayer to pay only Rs 33,000 income tax after selling a house for Rs 70 lakh; ITAT Mumbai ruling explained
A taxpayer successfully challenged the income tax department's LTCG calculation, winning in ITAT Mumbai. The tribunal ruled that indexation benefits should be calculated from the agreement date, not possession date, due to substantial payment made earlier. This decision significantly impacts LTCG tax for property sellers. Read below to know the details.
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