This revised index will be applicable for tax assessments in the assessment year 2026–27, covering income earned during FY26 ...

The Central Board of Direct Taxes (CBDT) has increased the cost inflation index (CII) used for calculating inflation-adjusted ...

To offset losses from selling shares bought in April 2025, you can either transact on the same day using different brokers or on consecutive days. However, if done on the same day in one account, it’s ...

When it comes time for a business owner to transition or sell their business, taxes tend to be one of the most important ...

The Cost Inflation Index (CII) is a number issued every year by the Central Board of Direct Taxes (CBDT). It helps taxpayers ...

Republic Act (RA) 12214, or the Capital Markets Efficiency Promotion Act (Cmepa), was signed into law, amending certain ...

Like all good rules of thumb, the “Napkin Test” is a starting point and not the whole story. Every 1031 exchange is nuanced, and while these three rules will keep most investors on the right path, the ...

Are you liable to pay capital gains tax in Spain if you sell your home abroad? Find out more before making a decision which ...

India's largest IPO of 2025, HDB Financial Services, made its stock market debut on Wednesday, July 2, at a 13% premium in ...

Tax expert CA Nitin Kaushik  warns that using the wrong ITR form or making mistakes in reporting capital gains can lead to tax notices, refund delays, and even penalties.

The rationale is that long-term capital gains on assets such as land and buildings should apply only to real profits, excluding gains purely due to inflation.

CII is used under Section 48 of the Income Tax Act, which outlines how to calculate capital gains when an asset is sold. It provides the indexation benefit, allowing taxpayers to adjust the purchase ...