This analysis explains capital asset definition, computation rules, and exemptions under the Income-tax Act. Landmark Supreme Court rulings clarify when capital gains can and cannot be ...

For 2025, you qualify for the 0% long-term capital gains rate if your taxable income is $48,350 or less for single filers, or $96,700 or less for married couples filing jointly. But new tax breaks ...

Investors who sell an investment at a profit in a taxable account incur a capital gain that they must report on their tax returns. For investments held longer than one year, the long-term capital ...

Add Yahoo as a preferred source to see more of our stories on Google. Years of soaring home prices have turned ordinary homeowners into accidental millionaires—and, in many cases, unexpected taxpayers ...

Section 54F allows exemption on long-term capital gains arising on the sale of a capital asset if the net sale proceeds are invested for purchasing or constructing a residential house property within ...

Now that 2024 has come to a close, investors are starting to think about 2025’s investments. However, to get a clear picture of how your investment strategy might play out, you need to know the ...

When you sell any agricultural land, if you reinvest the capital gains that you made from that sale into buying another agricultural land, you won’t have to pay any income tax. According to the ...

Managing capital gains tax liability can significantly reduce your tax burden. Here are some ways to get started. Many, or all, of the products featured on this page are from our advertising partners ...

When you bought your second home you likely had a vision for it. Your vacation home was meant to be a place of relaxation, your rental property, an investment. But if you don’t have an estate plan in ...

Deductions under Sections 54B and 54F were denied without examining crucial evidence. The tribunal remanded the matter for fresh adjudication after considering all documents and legal ...