Section 54F

Budget 2025: Why the rebate under Section 87A is groundbreaker for taxpayers. Here’s what it means

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Budget 2025: Why the rebate under Section 87A is groundbreaker for taxpayers. Here’s what it means

Budget 2025: Last week, Finance Minister Nirmala Sitharaman announced that there will be no taxes on normal income up to Rs 12 lakh starting from the financial year 2025-26 under the New Tax Regime. The Budget 2025 proposed that the tax-free income limit for salaried employees in the new regime will increase to Rs 12.75 … Read more

Income tax: Can you claim capital gains tax exemption by paying off the home loan with sale proceeds?

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Income tax: Can you claim capital gains tax exemption by paying off the home loan with sale proceeds?

If the sale proceeds are deposited in a home loan account of new property already purchased out of the said loan,  will the deposited amount be eligible for capital gain exemption? Reply by Prabhakar K.S., Founder and CEO of Shree Tax Chambers It is appropriate to note here that in addition to buying a property … Read more