As per the Income Tax Act, 1961 (the Act), if you incur a Long Term Capital Loss (LTCL) from the sale of capital assets, you can carry forward this loss for eight consecutive years. During these years ...

We have assumed that your father is an Indian tax resident and is not into regular trading in shares. The gains have, therefore, been assumed to be in the nature of capital gains. As per provisions of ...

A one-time tax relief proposed under the new Income Tax Bill, 2025 could significantly reduce capital gains tax liabilities for many individual taxpayers. The new Income Tax bill allows long-term ...

I own two houses. House A is self-occupied (notional rent: ₹15,000 per month ) and House B has been rented out (rent: ₹51,000 per monthm). For filling IT returns, can I show B as self-occupied and A ...

If the equity shares are sold after 12 months of purchase, then the seller can make a long-term capital gain (LTCG) or incur a long-term capital loss (LTCL). If the shares were purchased with the ...

The final version of the Income Tax Act, 2025, has withdrawn a proposed one-time relief that would have allowed carrying forward long-term capital losses (LTCL) to be set off against short-term ...

As equity markets continue to swing wildly, many investors are staring at a mix of capital gains and painful losses in the last quarter of the last financial year. But there’s good news. Those losses ...

We have assumed that your father is an Indian tax resident and is not into regular trading in shares. The gains have, therefore, been assumed to be in the nature of capital gains. As per provisions of ...

The new income tax bill, 2025 has introduced a one-time relief for those who want to reduce their capital gains tax outgo by reducing their short-term capital gains (STCG). In technical terms, the new ...