Selling Ancestral Property: Why April 1, 2001, Fair Value Matters for Capital Gains
Income Tax rules allow fair market value as on April 1, 2001 for ancestral property acquired before that date, reducing capital gains tax liability.
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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.
Budget 2026 removes interest deduction on dividend income, taxing dividends on a gross basis and impacting leveraged investors while benefiting self-funded taxpayers.
Experts explain how home loan prepayment affects tax benefits under Sections 80C and 24(b), and why deductions apply only under the old tax regime.
Can senior citizens claim dental treatment under Section 80D? Experts explain when medically necessary dental expenses qualify and what documents are required.
ITAT rules that owning multiple residential houses disqualifies Section 54F exemption. Strict interpretation of “one residential house” impacts capital gains tax planning.