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Income Tax rules allow fair market value as on April 1, 2001 for ancestral property acquired before that date, reducing capital gains tax liability.
Selling inherited property in India attracts capital gains tax, not inheritance tax. Supreme Court clarifies tax liability, exemptions under Sections 54 & 54EC, and rules for shar…
Bombay High Court rules that reinvesting proceeds from sale of an inherited property into multiple homes qualifies for Section 54 capital gains exemption.
Can home loan interest reduce capital gains tax under the new tax regime? Learn when interest can be added to property cost, key court views, Section 115BAC rules, and smart filin…
ITAT Pune held that the AO wrongly compared stamp duty and ready reckoner values, causing an unjustified ₹75.33 lakh addition. The tribunal restored the Section 54F exemption and …