NRIs can claim tax exemption on mutual fund sale for house
Non-resident Indians who sell mutual fund units can claim exemption under Section 86 of the Income Tax Act, 2025 (erstwhile Section 54F of the 1961 Act) by investing the net sale proceeds…
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Delhi HC quashes Rs 3.9 crore tax demand on cook over PAN misuse
The Delhi High Court on 6 October 2026 quashed an income tax demand of Rs 3.91 crore raised against a cook whose PAN was misused, with the court observing that the Assessing…
Selling gold jewellery attracts capital gains tax, no exemption on reinvestment
Selling old gold jewellery triggers capital gains tax, and using the proceeds to buy new jewellery does not automatically make the gain tax-free. The income tax department treats jewellery as a capital…
Surat man wins Rs 5.06 crore tax exemption on inherited land
A Surat-based real estate businessman, Mr Patel, has secured a full tax exemption on a long-term capital gain of Rs 5.06 crore from converting inherited land into stock-in-trade. The Income Tax Appellate…
HUF property transfer may help claim 54F exemption on share sale
Livemint.com reports that taxpayers selling shares can potentially claim Section 54F exemption by transferring one residential property to their Hindu Undivided Family (HUF). The exemption under Section 54F of the Income Tax…
SWP for home loan prepayment may risk tax exemption, warns expert
Taxpayers considering Systematic Withdrawal Plans (SWPs) from mutual funds for monthly home loan prepayments risk losing capital gains exemption under Section 54F, says Cleartax founder Archit Gupta. Each SWP payout is treated…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.