While attention is often focused on high-income earners, Eslake says small businesses are believed to be the worst offenders ...

Wait for the updated form as schema is pending. Pay pending tax on capital gains to avoid interest under Sections 234B/C. For home loans, claim Rs 30,000 interest deduction under Section 24(b) and up ...

Exemptions under Section 54 (residential property) and Section 54EC (bonds) still exist but are capped. These limits reduce ...

ITAT Agra held that property purchased, being four shops at ground floor and one room at first floor, was predominantly commercial in nature and hence disqualifies for exemption under section 54 of ...

Oil drillers win access to public lands and manufacturers get tax breaks, while elite universities face new endowment taxes ...

Thinking about selling a rental or flip? Here's how to sell an investment property in 2025 while minimizing taxes and maxing ...

The new omnibus budget bill sets the federal estate-tax exemption at $15 million for the next year and provides for the threshold to remain permanently high - but that does not take estate planning ...

After November 2025, agricultural land cannot be purchased for claiming tax benefits. NRIs must utilize capital gains for new ...

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

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 ...

Outdated tax rules hit homeowners hard: soaring prices mean many now face big capital gains taxes. A new bipartisan bill aims ...

Sen. Mike Lee, R-Utah, announced Saturday that he was withdrawing his bid to include language in Congress’ “big, beautiful ...