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Business News > Mint Authors > Mahesh Nayak

Mahesh Nayak

ARTICLES BY MAHESH NAYAK

Inherited agricultural land can attract capital gains tax if it qualifies as urban agricultural land. (File Photo: AFP)

How is the sale of inherited agricultural land taxed?

2 min read . 30 Aug 2026

The transfer process to an HUF and stamp-duty implications need careful legal scrutiny. (iStock)

Two houses and a share sale: Can an HUF transfer help claim 54F exemption?

2 min read . 16 Aug 2026

This exemption applies to interest on NRE savings bank accounts as well as on NRE and FCNR FD accounts.

Gifting money to an NRI child? Here's how the tax rules work

2 min read . 19 Jul 2026

The taxpayer may still claim up to ₹1.5 lakh deduction on principal repayment under Section 80C under the old tax regime. (Pixabay)

Can MF gains be used to repay a home loan and claim Section 54F exemption?

1 min read . 14 Jun 2026

One important aspect is that to claim exemption under section 82, the new property must be constructed within three years from the date of transfer of the original property.

Can joint development help avoid capital gains tax?

3 min read . 30 Mar 2026

The gains arising from the sale of the agreement would be long-term capital gains in case the apartment was held for more than 24 months. (iStockphoto)

Apartment bought in 2013, registered in 2025: what is the year of acquisition?

2 min read . 16 Mar 2026

Repayment of a housing loan undertaken for the purchase of a residential house can be considered towards exemption under Section 54F in certain cases.

Can I use MF sales proceeds to pay home loan and get Section 54F benefit?

1 min read . 15 Mar 2026

Long-term capital gains on sale of land would be taxable unless reinvested in a residential house or capital gains bonds. (Pixabay)

Can I use sale amount of land to buy a shop and get exemption under Section 54F?

2 min read . 20 Jan 2026

A revised return of income can be filed in case a person has missed disclosing the asset or the income for FY 2024-25.

How should I declare my overseas restricted stock units in ITR?

2 min read . 29 Dec 2025

No deduction is available against the capital gains arising on the sale of a residential property on repayment of an education loan.

Can I pay off loan with home sale proceeds and get capital gains tax exemption?

2 min read . 30 Nov 2025

Senior citizens (age 60 years and above) without any income from business or profession are not required to pay advance tax.

Should I pay advance tax if income is below ₹12 lakh under new regime?

2 min read . 07 Nov 2025

A person can be considered a resident in India even if they spend fewer than 182 days in a year, as long as they stay at least 60 days in that year and 365 days or more in the previous four years. (Pixabay)

Travel frequency, not just days, key to tax residency

2 min read . 06 Oct 2025

If a family member receives family pension, it is taxable as income from other sources for that person.

How to file ITR for a deceased parent?

2 min read . 15 Sept 2025

Expert advice on calculating taxes and filing returns after selling different floors of an inherited house. (Image: Pixabay)

Capital gains liability on selling different floors of an inherited house

2 min read . 31 Aug 2025

A change in the method of accounting for bank FD interest is permissible in law, but only if it is consistently followed in future as well.

Tax records show full interest in a prematurely ended FD. How do I rectify it?

3 min read . 10 Aug 2025

Under the new tax regime, a rebate up to ₹25,000 under Section 87A is available if total income is below ₹7 lakh.

I'm a senior who earns from interest and capital gains. How do I calculate tax?

2 min read . 20 Jul 2025

Amounts received from friends could be considered as taxable in your hands as they are not received from relatives. (Pixabay)

Will money crowdfunded from relatives, friends to pay medical bills be taxed?

2 min read . 01 Jun 2025

The most critical part of setting up a trust is identifying a trustworthy and capable trustee who can ensure your child’s well-being and financial security over the long term. (Pexels Photo)

What tax benefits are available for parents of autistic children?

2 min read . 25 May 2025

The amount will be taxable as salary if it was paid to you in connection with your services rendered during employment or in connection with the termination of your employment.. (Pixabay)

Ex gratia I got at the time of layoff was taxed. Can I get refund?

2 min read . 18 May 2025

Withdrawals for personal use may be treated as partial partition, which isn’t recognized under India's income tax law.

HUF withdrawal rules: When it may be seen as a partition

3 min read . 13 Apr 2025