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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.
Section 54 allows LTCG tax exemption on under-construction flats if possession is taken within three years of selling the old house. Know timelines, rules, and common mistakes.
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…
The Finance Ministry confirms that the ₹60,000 Section 87A rebate under the New Tax Regime 2025 applies only to normal income and excludes short-term capital gains (STCG) taxed at…