How to calculate income tax liability if you sell your ancestral property

Any person selling a property inherited from his/her ancestors is not required…

Joint ownership of a house property has additional tax benefits

Buying a house property is everyone’s dream. There are various income tax…

Incurred Loss in the Stock Market? Here Is How You Can Set Off the Loss

The volume of investment in the stock market has increased multifold with…

IT compliances related to the sale of immovable property by NRI in India

When a non-resident Indian sells property located in India, the Income Tax…

ITAT: Tax planning can be legitimate unless it is within the framework of law

The assessee had sold a property and earned long-term capital gains on…

How to disclose cryptocurrency gains while filing ITR

A cryptocurrency is a decentralised digital asset and a medium of exchange…

Critical Lessons for Investors From the Archegos Collapse

Do you want to borrow and invest in the stock market? Are…

Capital gains, interest and dividend to be reported to IT department

The income tax department issued a circular on 12th March 2021 by…

Tax on capital gains and rental income from inherited property

An individual may inherit property under a will or through succession. The…

Tax Query: Do I need to pay tax on the sale of my personal assets?

I am planning to sell my motor car, which I use for…