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The previous draft of the Income Tax Act, 2025 had a beneficial provision that has been taken out in the most recent version. This provision was a one-time relief for individuals looking to reduce their capital gains tax by minizing their short-term capital gains (STCG).
CBDT issued notification no. 162/2025 dated 19.11.2025 to hereby authorises all the branches (except rural branches) of the following banks to receive deposits and maintain accounts under the Capital Gains Account Scheme, 1988 Scheme,
CBDT issued notification no. 161/2025 dated 19.11.2025 to amend the Capital Gains Account Scheme, 1988. This Scheme may be called the Capital Gains Accounts (Second Amendment) Scheme, 2025.
A wife managed to win an income tax case in ITAT Mumbai, even after selling two house properties gifted by her husband in Mumbai for Rs 6 crore without paying any income tax.
India’s retail investors are stumbling into tax traps—many learning the hard way that profits under ₹12 lakh don’t guarantee tax exemption. Sujit Bangar, founder of TaxBuddy.com, says it’s not the income size but its classification that triggers the taxman.
The New Income Tax Bill, 2025, has introduced a key provision that could significantly reduce the tax burden for non-resident Indians (excluding Foreign Institutional Investors) on long-term capital gains (LTCG) earned from selling unlisted equity shares of Indian companies.
Is owning multiple floors in the same residential building equivalent to owning more than one residential property? And if that is the case, will the concerned individual not be eligible to claim a long-term capital gains (LTCG) exemption from the sale of his/her capital assets under Section 54 of the Income Tax Act?
The Income Tax Appellate Tribunal (ITAT), Mumbai, on April 17, 2025 held that long term capital gains (LTCG) tax exemption under Section 54 cannot be denied by the income tax department, merely because the property was purchased jointly in the name of a wife and her husband and both of them claimed Section 54 capital gains tax exemption.
Capital Gains (Law & Practice) with Illustrations & Judicial Precedents as amended up to Finance Act, 2025 by CA. Divakar Vijayasarathy
Tax harvesting is a smart strategy that investors use to minimise tax liabilities by offsetting capital gains with capital losses. This approach is widely practiced in the US and can be leveraged by Indian investors as well.
