NRI property sale TDS rules differ from resident sellers
Buyers in India deduct TDS at different rates depending on whether the seller is a resident or a non-resident Indian (NRI). Livemint reports that under the Income Tax Act, 2025, a buyer…
All posts tagged in Capital gains
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ITAT rules Flipkart ESOP buyback is capital gain, not salary
Livemint reports that the Bengaluru Income Tax Appellate Tribunal (ITAT) held that Rs 2.33 crore received by a Flipkart executive for repurchasing vested but unexercised employee stock options (ESOPs) should be taxed…
Billionaire tax proposals grow; Australia weighs unrealised gains tax
Hindustan Times reports that calls to tax billionaires are growing globally, with a California billionaire tax vote in November and UK economists proposing a net wealth tax on assets over £10 million.…
Income tax notice: 6 reasons and how to spot a fake
Filing your income tax return before the July 31, 2026 deadline does not guarantee you will not receive a notice. The Income Tax Department sends alerts for six common reasons: mismatch between…
ITAT Says Flipkart ESOP Buyback Gains Are Long-Term Capital Gains
The Bengaluru Income Tax Appellate Tribunal has ruled that gains from the repurchase of vested, unexercised employee stock options are taxable as long-term capital gains, not salary perquisites. The case involved Flipkart…
