The Income Tax Department has issued relief for taxpayers who claimed Section 87A rebate on short-term capital gains (STCG). If demands are paid by December 31, 2025, interest will be waived. Learn what went wrong, what’s been clarified, and what you should do next.

Discover how Sections 54 and 54F of the Indian Income Tax Act provide crucial tax exemptions on Long-Term Capital Gains from property sales. This comprehensive guide covers the latest rules for 2025, including the new ₹10 Crore cap and the two-house option under Section 54, offering practical examples and a step-by-step plan for effective tax planning.

This blog post provides a comprehensive yet easy-to-understand guide to saving Long-Term Capital Gains (LTCG) tax arising from property sales in India. It delves into three crucial sections of the Income Tax Act – Section 54, Section 54EC, and Section 54F – detailing their eligibility criteria, investment options, time limits for reinvestment, and lock-in periods. The post also includes a comparative table and a practical example to illustrate how these exemptions work, empowering taxpayers to make informed decisions and potentially reduce their tax liabilities.

Recent changes to Long Term Capital Gains (LTCG) tax rates and rules, which take effect on July 23, 2024, have greatly affected how investors figure their tax liability for the Assessment Year 2025-26. This blog post outlines these important updates across different asset classes, including equity, debt, and real estate. It explains the details of indexation and clears up common misunderstandings, especially related to the Income Tax Bill, 2025. It highlights the need for careful tax planning and urges taxpayers to get expert help.

This blog post details how the Central Board of Direct Taxes (CBDT) has granted "54EC status" to IREDA bonds, offering property sellers a significant tax exemption of up to 50 lakh on long-term capital gains. It explains what 54EC bonds are, why IREDA's inclusion is beneficial for both investors and India's green energy goals, how the tax exemption works, key investment considerations like limits and lock-in periods, and who can invest. The post highlights the advantages of investing in these safe, fixed-return bonds while contributing to a sustainable future.

This blog provides a simple and easy-to-understand guide to Capital Gains Tax rates in India for various assets like shares, mutual funds (debt & equity), gold, and property, differentiating between short-term and long-term gains.

This blog post deciphers the significant changes to Capital Gains Tax in India, effective from July 23, 2024, as introduced in the Union Budget 2024. It simplifies the concepts of Short-Term and Long-Term Capital Gains, detailing the new holding periods and updated tax rates for various assets like listed shares, equity and debt mutual funds, property, and gold. The article highlights key implications for taxpayers and emphasizes the importance of professional advice from Myitronline for navigating these complex rules and optimizing investment strategies.

The Central Board of Direct Taxes (CBDT) has announced the Cost Inflation Index (CII) for FY 2025-26 as 376. This blog post explains what CII is, how the new index will be applied from AY 2026-27, who it impacts, and provides an example of how it reduces taxable long-term capital gains, particularly for real estate acquired before July 23, 2024. It highlights the importance of understanding this update for accurate tax filing.

This blog explains the key exemptions available under India’s capital gains tax laws for FY 2025-26, including the latest updates from Budget 2025. It covers who can claim each exemption, how to utilize the Capital Gain Account Scheme, and the correct process for claiming exemptions in your income tax return.

The Central Board of Direct Taxes (CBDT) has kickstarted the income tax filing season earlier than usual by releasing the ITR-1 (Sahaj) and ITR-4 (Sugam) forms for Assessment Year 2025-26. This blog explores the eligibility, permissible income sources, and filing restrictions for both forms. It also highlights a major update—taxpayers can now report Long-Term Capital Gains (LTCG) under Section 112A in ITR-1 and ITR-4 under specific conditions. Additionally, it explains the difference between form notification and utility release, emphasizes the importance of early preparation, and provides a comprehensive document checklist for smooth filing. The blog concludes by urging taxpayers to be proactive and file early to avoid last-minute hassles.

This blog provides a detailed breakdown of modifications in ITR-1 and ITR-4 forms for Assessment Year 2025-26 based on a recent analysis. It explains the new allowance for minor LTCG under Sec 112A (up to ₹1.25 lakh) in both forms, the enhanced conditional presumptive tax limits under Sec 44AD/44ADA linked to digital receipts, and common changes. These common changes include expanded disclosures for Form 10-IEA (new tax regime opt-out), mandatory specific clause selection for Chapter VI-A deductions, enhanced reporting for Sec 89A (foreign retirement income), compulsory disclosure of all active Indian bank accounts, and mandatory selection of a refund account. The post advises taxpayers on how to prepare based on these specific updates.

The Indian government has updated the capital gains tax rates for equity shares and mutual funds, effective from July 23, 2024. Short-term capital gains (STCG) are now taxed at 20% (an increase from the previous 15%), while long-term capital gains (LTCG) are now taxed at 12.5% (up from 10%). Discover how to file your Income Tax Return (ITR) with a date-wise breakdown, the responsibilities of brokers, and tips for saving on taxes.