Tax Exempt

Many individuals may not realise they owe tax on profits from selling residential properties. Capital gains tax rates vary based on holding periods, with exemptions available for reinvestment in new properties or specified bonds, provided certain conditions are met.

Section 54F, a lesser known provision of the Income Tax Act, allows taxpayers to save tax on long-term capital gains (LTCG) by reinvesting the money to buy a property.

Precious metals, when sold in physical, bonds or other electronic form, are saddled with taxes based on when and how one sells the units.

Germany’s ruling coalition confirmed it will extend a tax exemption for new electric vehicles as part of a broader effort to support the nation’s key car industry in the transition to more climate-friendly technologies.

GST 2.0: A list of lifesaving drugs and medicines will get cheaper from Monday, 22 September 2025, after the rate cuts under the new GST system.

The Supreme Court has ruled that motor vehicle tax applies only when vehicles are used in public places, overturning a previous high court decision that ordered a tax refund for vehicles on restricted private premises.

In a big legal setback, the Income Tax Appellate Tribunal has dismissed Congress's appeal for tax exemption on ₹199.15 crore for the 2018-19 assessment year, citing violations of the Income Tax Act.

NOIDA has received a tax exemption under Section 10 (46A) starting from assessment year 2024-25, allowing it to avoid income tax on public utility services.

Investors can claim long-term capital gains exemption by purchasing two residential properties if the gains do not exceed Rs. 2 crores. Inheritance of assets is tax-free for recipients.