LTCG

A recent ITAT ruling has raised an important question for property transactions. Does holding a power of attorney make you liable for capital gains tax when the property is sold? The case draws a clear line between the authority to sell a property and ownership.

A Mumbai taxpayer's ₹12.62 lakh LTCG exemption claim was denied due to suspected price manipulation. However, the ITAT ruled in the taxpayer's favour. Here's why.

The Mumbai ITAT has ruled in favour of an investor whose ₹85.35 lakh long-term capital gains (LTCG) from Sunrise Asian shares were treated as unexplained income by the tax department.

Agricultural land is generally not a capital asset unless it falls within urban limits. If taxable as LTCG, Section 54F may allow a deduction for reinvestment in a house, the expert said.

Agricultural land is generally not a capital asset unless it falls within urban limits. If taxable as LTCG, Section 54F may allow a deduction for reinvestment in a house.

Income Plus Arbitrage FoFs combine debt and arbitrage strategies, but their tax treatment can differ from that of debt funds. For investors in higher tax brackets, this difference could affect the returns they ultimately take home. Find out why.

The Mumbai ITAT ruled that a genuine property purchase from a spouse cannot be denied Section 54F tax exemption merely because it results in tax savings. The tribunal found no evidence of tax avoidance and allowed a taxpayer's ₹6.92 crore exemption claim after the tax department challenged it.

The tax treatment of silver depends on the investment route and the holding period. While capital gains tax applies to ETFs, FoFs and physical silver, the purchase of physical silver also attracts GST.

The government has ruled out changes to equity LTCG tax for now. Investors should understand STCG and LTCG rules, holding periods, tax rates, SIP taxation and redemption strategies to manage equity investments better.

Both FPIs and domestic investors continue to pay 12.5% LTCG tax on Indian equities. The exemption announced through the Income-tax Ordinance, 2026, applies only to FPIs investing in Government Securities (G-Secs).