tax-saving options

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

by
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

My house is sold for Rs 1.72 crore. Can I avail of the indexation benefit on long-term capital gain if house is sold post 23rd July 2024? 

by
My house is sold for Rs 1.72 crore. Can I avail of the indexation benefit on long-term capital gain if house is sold post 23rd July 2024? 

The area of the house proposed to be sold is 1725.9 sq.ft and the sale price is Rs 1.72 crore to be shared equally between my elder sister and myself. The circle rate as on 01.04.2001 was Rs 3400 per square metre and the present circle rate April 2024  is  Rs 19000 per square metre. … Read more