Ltcg Tax

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.

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.

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.

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).

Many property sellers may end up paying more tax under the 20% tax regime with indexation than under the flat 12.5% LTCG tax. The benefit of indexation depends on how much the property's value has appreciated over time, making it important to compare both tax calculations before filing.

Making a case for rewarding patient, long-term capital market investors, Kedia in a social media post said that dividend income on listed equities should not be subjected to double taxation.

Vijay Kedia advocates for abolishing long-term capital gains tax on listed equities, arguing it would encourage patient capital and entrepreneurship in India. He suggests current tax policy blurs the line between investment and speculation.