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Capital gains tax: Why indexation failed to match a 3-year rise in property prices

Woman earns Rs 62 lakh profit from selling a flat; how skipping indexation lowers her capital gains tax

A Hyderabad woman who sold her apartment for Rs 1.42 crore after buying it for Rs 80 lakh expected indexation…

June 11, 2026 17:16 IST

Man buys Rs 53 lakh property, registers in wife’s name; tax department raises Rs 42 lakh demand – ITAT says this

A Mumbai ITAT ruling has provided relief to a taxpayer whose name appeared in a property purchase agreement even though…

June 10, 2026 15:07 IST

ITAT Pune relief in Rs 1.28 crore cash deposit case: Why consistency in tax treatment helped a scrap dealer

Scrap dealer deposits Rs 1.28 crore cash, reports Rs 3 lakh income in ITR; faces Rs 44 lakh tax demand, ITAT intervenes

A scrap dealer faced a ₹44 lakh tax demand after the Income Tax Department treated ₹1.28 crore of cash deposits…

June 6, 2026 08:18 IST

Why filing income tax return is about more than taxes

Your ITR is not just a tax document: 5 ways it can help your finances

Many taxpayers think filing an ITR is necessary only when taxes are payable. Experts say that is a costly misconception.…

June 4, 2026 18:28 IST

Rs 4,000 crypto profit, Rs 47 lakh tax notice: Why a Bengaluru trader was flagged

Rs 4,000 crypto profit, Rs 47 lakh tax notice: How a Bengaluru man’s crypto trades triggered tax scrutiny

A Bengaluru crypto trader who earned just Rs 4,150 in profit received a tax notice over transactions worth Rs 47.4…

June 4, 2026 16:44 IST

Made a donation? Here's how much tax deduction you can actually claim under Section 80G

ITR filing 2026: Not all donations 100% tax exempt under old regime; here’s what taxpayers need to know

Many taxpayers assume every donation qualifies for a 100% tax deduction, but that’s not the case. Under Section 80G, donations…

June 4, 2026 14:36 IST

Joint property, single payer: Can both husband and wife claim LTCG tax benefits on sale?

ITR Filing AY 2026-27: Can both husband and wife save LTCG tax on a jointly owned property?

Many couples buy homes in joint names, but often only one spouse pays the purchase cost. When the property is…

June 3, 2026 14:06 IST

Man owns 5 flats in Mumbai, all vacant; still got Rs 7.5 lakh tax demand - here's how ITAT rules

Man owns 5 flats in Mumbai, earns zero rent; still gets a Rs 7.5 lakh tax demand — here’s what ITAT says

A Mumbai taxpayer was taxed on Rs 7.43 lakh of deemed rent despite earning no rental income from five vacant…

June 2, 2026 16:58 IST

EMIs, taxes, SIPs and markets: 5 June 2026 developments that could affect your money

5 key financial changes in June 2026 that could impact your EMIs, taxes, investments and monthly budget

June 2026 brings several important financial events, including the RBI’s monetary policy decision, the first advance tax deadline, inflation data…

June 1, 2026 13:05 IST

Man declares Rs 6.3 lakh income, pays Rs 27.65 lakh in credit card bills; gets tax notice - ITAT ruling says this

Man reports Rs 6.3 lakh income, pays Rs 27.65 lakh in credit card bills; gets tax notice – ITAT ruling says this

A Mumbai taxpayer who declared income of just Rs 6.3 lakh came under the tax scanner after paying credit card…

May 30, 2026 11:54 IST

Old vs new regime switch triggers tax notice for taxpayer

Taxpayer gets tax notice after legally switching tax regime; here’s why

A Bengaluru-based business consultant received an Income Tax Department intimation despite correctly filing his ITR and legally switching from the…

May 28, 2026 13:10 IST

Bitcoin tax case: ITAT quashes Rs 88 lakh reassessment against Lucknow taxpayer

Man invests Rs 9.6 lakh in crypto, books over Rs 3 lakh loss; gets Rs 88 lakh tax demand – ITAT intervenes

A Lucknow taxpayer who claimed to have invested only Rs 9.6 lakh in Bitcoin but reported a loss landed in…

Updated: May 30, 2026 06:43 IST

While the West debates zero tax, India is already living it for millions of taxpayers

India’s tax system has quietly undergone a major shift. With the effective tax-free income limit at Rs 12 lakh under…

Updated: May 23, 2026 22:24 IST

Why many salaried Indians still don't feel richer despite lower taxes

Tax cuts vs real life: Why salaried taxpayers still feel no relief despite Rs 12 lakh tax-free income

Budget 2025’s Rs 2 lakh tax-free income promise under the new tax regime grabbed headlines, but months later, many salaried…

Updated: May 22, 2026 21:16 IST

This legal tax break can turn your property sale gains tax-free, but most miss it

Sold a house and made profit? This hidden tax break can bring your capital gains tax to zero

Selling a house does not always mean paying capital gains tax. Under Section 54 of the Income Tax Act, eligible…

Updated: May 22, 2026 16:06 IST

New Tax Regime reality check: Who ends up paying more despite lower tax rates?

The new tax regime promises lower rates and simpler filing, but does that automatically mean lower tax for everyone? Not…

May 21, 2026 17:57 IST

When 12.5% tax beats 20% with indexation on property sale

New capital gains tax rule: Why 12.5% rate isn’t always cheaper than the old 20% with indexation

The new 12.5% long-term capital gains tax rate on property may look cheaper than the earlier 20% tax, but the…

May 20, 2026 17:22 IST

Income Tax Dept slapped man with Rs 51.2 lakh penalty over Form 16-based ITR; ITAT steps in

Employee files ITR using Form 16, gets Rs 51.2 lakh tax penalty; ITAT ruling offers key lessons for taxpayers

An IT employee who claimed an income tax exemption based on his employer-issued Form 16 was slapped with a Rs…

May 18, 2026 17:54 IST

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