Our panel of experts answers questions related to any aspect of personal finance. If you have a query, mail it to us right ...

For Non-Resident Indians (NRIs), income earned abroad is generally not taxable in India. However, when it comes to profits ...

Selling your home can trigger capital gains taxes, but there are ways to reduce or eliminate your bill, experts say. Here’s what to know.

What if a husband and wife own a home together that increases in value by $500,000. When one spouse dies and the other owns the property themselves, do they receive a step-up in basis? Or do they only ...

Understanding capital gains can feel confusing for young professionals. What are capital gains, and why do they matter? When ...

Mutual funds have become one of the more popular vehicles for stock market investments. Mutual funds generally purchase an inventory of different stocks and are controlled by experienced ...

Among the benefits that investors can hope to realize by utilizing ETFs within their portfolios, tax efficiency is one most ...

On 15/10/2024, I sold my 10 years of commercial property for ₹45,00,000. So, to get long-term capital gain tax exemption, is it necessary to repay the home loan amount from the money I got from ...

Home Sale Capital Gains Tax Scenarios If you are a single seller and will net $375,000 in capital gains from selling your home, you may be able to protect $250,000 of the gain from income taxes ...

BT brings to you an easy-to-use tool that helps in calculating the tax payable on your income for FY 2025-26. It also lets you compare your tax liability under new tax regime and old tax regime.

Capital gains explained. Before we dive into the tax part, let’s go through how to calculate capital gains on the sale of a property. Essentially, this calculation figures out how much the ...

You can calculate these numbers yourself. To estimate your capital gains tax rate, multiply your combined federal and provincial/territorial tax rate by the applicable inclusion rate (0.5 or 0.6667).