The issue was whether a second reassessment could be initiated on the same facts already examined earlier. The Tribunal held that reopening based on a mere change of opinion is invalid and quashed the ...

Lady sold land for Rs 70 lakh, buys new apartment in Mumbai, claims 54F, builder signs sale agreement after 5 years delay, ...

The AO denied exemption relying on an inspector’s report citing minimal construction. The Tribunal held that documentary evidence showed a habitable residence, entitling ...

Selling assets like gold or stocks in India can attract substantial taxes, but Section 54F of the Income Tax Act, 1961 offers ...

Tax-savvy investors selling long-term assets like stocks, gold, or commercial property can slash their capital gains tax to zero, if they follow Section 54F of India’s Income Tax Act. Chartered ...

What if selling your house before redeeming mutual funds could help you legally save lakhs in taxes? That’s exactly what one investor learned when planning to cash in on booming equity returns. Rajiv, ...