Latest Breaking News On - Long term capital gains - Page 1 : comparemela.com

BM Finance Fundas: 'Date of house possession key for tax benefit under section 54'

Date of house possession key for tax benefit under section 54 says ITAT; all you need to know

Section 54 tax benefit: The Mumbai bench of the Income-tax Appellate Tribunal (ITAT) clarified that the date of possession is crucial for claiming a tax benefit under section 54 of the Income-tax Act. This ruling highlights the importance of timely investment in a new house to reduce tax liability on profits from selling an old property.

Nirmala Sitharaman: 'Sleeping partner can't answer sitting...': FM Sitharaman on broker's poser for 'You Are My Sleeping Partner'

Union Finance Minister Nirmala Sitharaman gave a cryptic responses to concerns about high taxes on stock market brokers and real estate transactions, stating that the government benefits heavily from these taxes without sharing operational burdens. She urged the Bombay Stock Exchange to collaborate with SEBI to enhance investor confidence and warned retail investors of the risks associated with the derivatives market, stating that an unchecked explosion in riskier futures & options could potentially cause problems in household finances.

Nirmala Sitharaman Swiftly Wipes Off The Question On High Taxes By Answering, "A Sleeping Partner Cannot Answer", Watch

Union Finance Minister Nirmala Sitharaman faced significant online backlash due to her cryptic response regarding the high taxes imposed on stock market brokers and real estate transactions……….. - Newsx

Nirmala Sitharaman junks reports of income tax tweaks that made Sensex crash 1,100 points

The report claimed that once the new government takes charge, the income tax department may prevent tax base erosion, revamp laws on penalties, and impose uniform treatment for all asset classes. Currently, India follows a differential tax structure for various financial assets.