SECTION 54 LONG TERM CAPITAL GAINS
XRP price prediction: Is XRP set to jump 11 times and hit $31? analyst outlines what’s possible
A well-known crypto analyst projected that XRP could skyrocket 11 times to $31, while Ethereum may rally toward $8,000 in the next market cycle. Both forecasts are based on Fibonacci patterns that mirror past bull runs, raising big questions about how high the crypto market can climb as XRP trades near $2.95 and ETH at $4,327.
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.
Urban Company GMP doubles since IPO announcement despite some concerns. What's driving the buzz?
Urban Company's IPO is generating significant buzz, reflected in a soaring grey market premium indicating potential listing gains. Despite seemingly high valuations, investors are drawn to the company's strong financials, brand recognition, and the growth potential of the underpenetrated home services market. The IPO opens on September 10, presenting an opportunity for long-term investors.
Bitcoin trades at $110K, stabilizes near resistance levels. Here is what experts say
Bitcoin nears $111K, stabilizing at resistance with breakout potential. Experts highlight strong accumulation, altcoin surge led by Dogecoin, and macro optimism despite $100K correction debates, supporting a medium-term bullish outlook.
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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.
Dynamic bond mutual funds: Investors supposed all-interest-rate investment has failed in current rate cut-cycle
Amid the bond market’s season of woes, dynamic bond funds appear to have badly miscalculated the payoffs from the rate-cutting cycle
Global capital turns selective, India stays on the investment map: Hines' Steinbach
Hines' Global CIO, David Steinbach, highlights India's growing importance in global real estate investment due to its stability, domestic demand, and policy reforms. Despite global economic uncertainties, India's office, living, and industrial sectors show resilience and potential. Hines focuses on high-quality assets, leveraging local partnerships to capitalize on India's long-term urban and economic growth.
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.
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.
Ethereum falls 3% in a week to $4,322; Bitcoin trades near $111K as gold draws attention
Ethereum falls over 3% in the past week, trading at $4,322, while Bitcoin steadies around $111K. Experts attribute the ETH decline to ETF outflows and weak September seasonality, while BTC momentum remains inconclusive until a daily close above $114K. Meanwhile, gold’s fresh record highs are drawing investor attention, highlighting a shift toward safe-haven assets amid ongoing market volatility.
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.
F&O Radar | Deploy Bull Call Ratio Spread in Nifty to play potential index bounce back
Nifty held above 24,347, supported by strong GDP data and GST optimism. PCR at 1.26 indicates short-term support near 24,500, resistance at 25,000. Bull Call Ratio Spread suggested to capture upside, while Nifty Bank shows potential bounce toward 54,500–55,000. Call unwinding signals further momentum.
Gold still leading the rally; silver to deliver stronger gains over long term: Jonathan Barratt
Gold hit record highs and silver reached decade peaks as safe-haven demand surged. Experts see gold holding above $3,600, while silver could climb to $50 on industrial demand. Copper also gained 12% YTD, with potential upside from US rate cuts and Chinese stimulus supporting broader metals momentum.
Bond rout cools but mood cautious with long-term borrowing costs near highs
Long-dated government borrowing costs from Japan to Britain touched fresh multi-year highs on Wednesday on nagging concerns over the fiscal health of some of the world's biggest economies, although a degree of calm was returning after a sharp selloff.
From Rs 21,350 tax demand to zero tax; How a taxpayer won Section 87A case in ITAT Bengaluru
In a taxpayer-friendly ruling, the ITAT Bengaluru allowed Mr. Jakkaraju's Section 87A tax rebate claim, even though it was filed in a revised ITR. The tribunal emphasized that the initial failure to claim the rebate constituted a valid reason for revision. This decision aligns with a Bombay High Court ruling, ensuring taxpayers can rectify omissions and avail of entitled benefits.
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.
CBDT extends I-T exemption window for sovereign wealth, pension funds till 2030
The CBDT has extended income tax exemptions for sovereign wealth and pension funds investing in India's infrastructure until March 31, 2030. This move, formalized after an earlier announcement, aims to attract long-term global capital by exempting these funds from taxes on dividends, interest, and capital gains.
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.
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.
AMC stocks soar on record inflows, but analysts warn of overvaluation risks
Asset management companies have seen significant stock gains this year, fueled by record inflows and expectations of relaxed regulations. However, analysts caution that increasing industry competition and stretched valuations may moderate future gains. New entrants and potential listings could further intensify competition, potentially leading to a correction in AMC stock prices.
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.
After STCG ruling, now LTCG also allowed to get Section 87A tax rebate, rules ITAT Chennai
On August 20, 2025, Chennai ITAT allowed Section 87A tax rebate on long term capital gains (LTCG). This decision favors taxpayers with incomes under Rs 7 lakh. The ruling references a Bombay High Court decision. Venkatraman, a taxpayer, initially faced denial of the rebate. ITAT Ahmedabad also allowed the rebate on STCG income on August 12, 2025.
How one real estate investor saved Rs 10 lakh LTCG tax on a Rs 50 lakh property sale with a simple hack
Indian property sale gains are taxed under capital gains rules, varying with holding period. Long-term gains, especially for properties acquired before July 2024, offer tax-saving options like indexation. Utilizing schemes like Section 54F and the Capital Gains Account Scheme (CGAS) before the September 15, 2025, deadline is crucial for exemptions.
My wife bought a flat with money that I transferred to her, how should we show it in our ITR?
I’ve purchased a flat in my wife’s name, and all payments to the developer are being made from her bank account. The money was transferred from my account to hers, and I’ve already paid tax on it. While filing her income tax return, how can I show this transfer as a gift?
87A and STCG: Will recent ITAT ruling on Section 87A allow taxpayer to claim 87A rebate on Short term capital gains while filing ITR?
A recent ITAT Ahmedabad ruling has sparked hope for taxpayers seeking Section 87A tax rebates on short-term capital gains (STCG) for FY 2024-25. The ruling states that Section 87A doesn't explicitly exclude STCG, potentially allowing the rebate if total income is within the specified limits. Read below to know more about Section 87A on STCG.
No income tax for son who sold late mother’s flat for Rs 1.45 crore to buy seven houses; how a minor language error helped him
The Bombay HC ruled that a son was not required to pay income tax on the sale of his late mother's Mumbai flat, even after purchasing seven houses in Pune with the proceeds. This decision hinged on Section 54 of the Income Tax Act, prior to its 2014 amendment, which used the term 'a residential house'.
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