I-T Bill Restores Tax Benefits For Religious Trusts

'If a charitable or religious trust sells a capital asset -- such as land, buildings, shares -- and makes a capital gain, it can avoid paying tax on that gain if it reinvests the proceeds in......

Realtors cheer Centre's LTCG tax decision

The government’s move to tweak the long-term capital gains (LTCG) tax regime proposed in the Finance Bill 2024 and re-introduce the indexation benefit is likely to boost the investments and......

Homeowners get flexible LTCG tax calculation relief

The government on Tuesday sought to address a significant concern stemming from the 2024-25 Budget announcement by introducing flexibility in the computation of long-term capital gains (LTCG) tax......

Tax dept notifies all 7 ITR forms for assessment year 2025-26

The income tax department has notified all seven income tax return forms for assessment year 2025-26. Illustration: Dominic Xavier/Rediff While ITR forms 1 and 4, which are filed by small and......