The Income Tax Department has rolled out updated Excel utilities for ITR-1 and ITR-4 for AY2025–26. These forms now support ...

NRIs to pay lower LTCG tax on these equity shares due to proposed forex fluctuation benefit in New Income Tax Bill 2025 ...

Unlike the earlier regime under the Income Tax Act, 1961, which required NRIs to compute capital gains entirely in Indian ...

A very significant change that was brought in by the Union Budget 2024 was related to Long Term Capital Gains (LTCG) on sale ...

There are several changes in the way capital gains from stocks and equity mutual funds in FY25 are to be reported. Mint's ...

The NRI selling property in India needs to submit Form 15CA and Form 15CB to the authorized dealer for repatriating the sale ...

Updated table of LTCG and STCG capital gains tax rate for equities including income from foreign currency bonds released by Income Tax Department ...

Individual taxpayers earning long-term capital gains (LTCG) up to ₹1.25 lakh under Section 112A of the Income Tax Act, 1961, can now file their income tax returns (ITRs) using the simplified ITR-1 ...

Further, he reinvested the gains from the sale of these flats to buy another property and thereby claimed Section 54 long term capital gains (LTCG) tax exemption in his income tax return (ITR ...

An informative guide on choosing between ITR-1 and ITR-2 for salaried individuals, highlighting the eligibility criteria and ...

From higher thresholds for asset disclosure to updated capital gains reporting, changes have been brought about to provide relief to taxpayers.

The latest update from CBDT allows taxpayers with long-term capital gains of up to Rs 1.25 lk to file using simple forms like ITR-1 and ITR-4. Here's how the new tax rules benefit small investors and ...