Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The income tax department on Wednesday issued FAQs on changes in the capital gains tax saying the idea behind it was to simplify the tax structure and promote ease of compliance. The holding period for various asset classes for the purpose of short- and long-term capital gains tax has been rationalised. The holding period of all listed assets will be now one year for the purpose of long-term capital gains tax (LTCG).
Most think tax-saving deductions exist only in the old regime. But the New one quietly retains 40+ ways to ease your tax load
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
rediffGURU Mahesh Padmanabhan answers readers' personal income tax queries.
rediffGURU T S Khurana answers readers' personal income tax queries.
'Expectations are high regarding the change in LTCG with respect to equity investments.'
New investors should not allow themselves to fall prey to FOMO and rush headlong into gold.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Ask rediffGURU and PF, MF and insurance expert Purshotam Lal your mutual fund, insurance and personal finance-related questions.
The RBI advisory follows a labour ministry request earlier this year seeking the central bank's expertise to identify gaps in EPFO's investment strategy and fund management practices, including accounting, risk management, and internal governance.
rediffGURU T S Khurana answers readers' personal income tax queries
Taxpayers seeking to save tax from the sale of gold (including inherited) should reinvest the capital gains in residential property to avail of the benefit provided by Section 54F.
Most exit polls for the Delhi Assembly elections indicate a strong lead for the BJP, with the ruling AAP trailing behind. According to Election Commission trends, the BJP is projected to win 20 seats and lead in another 27, while AAP has won 11 seats and leads in 12. The Congress is unlikely to secure any seats. Exit polls like Axis My India, Today's Chanakya, and CNX predict a significant victory for the BJP, while some, like Wee Preside and Mind Brink Media, predict a win for AAP. A few exit polls, including Matrize and DV Research, show a closer contest, with both BJP and AAP projected to win a considerable number of seats. The Congress is predicted to win minimal seats in most surveys.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
'Legally clean farmland is difficult to find. It requires time, money, and legal effort to verify the title.'
'Volumes in F&O trading had gone up rapidly and, in a way, the increase in STT on F&O will protect investor interest.'
Finance Minister Nirmala Sitharaman on Tuesday said the government plans to raise capital gains exemption limit on certain financial assets to Rs 1.25 lakh per year for middle and upper middle class.
Investors can meet cash needs without selling their securities.
'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 another capital asset for its charitable purposes.'
Public-sector banks (PSBs) are attracting the attention of investors and the PSU Bank Index has gained nearly 10 per cent in the past month. PSBs have seen return on assets (RoA) climbing to 1 per cent in 2024-2025 (FY25) and margins are believed to have moved up further in the first half of this financial year (H1FY26) with asset quality remaining stable.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
Since the first Reit listing in 2019, the sector has grown to a market capitalisation of about $18 billion as of August 2025, and is projected to cross $25 billion by 2030.
In a case related to Mumbai-based Jai Trust versus Union government, the court ruled that a gift is a consideration-less transaction, and hence, not liable for capital gains tax. It quashes the reassessment notice issued by the tax authorities alleging that a specific income has escaped assessment on transfer of shares as gift by the trust.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
'Always keep accurate and transparent records of the source of the investment or property's funding: Loan agreements, transfer records of the property, and bank statements of co-owners if available.'
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
rediffGURU T S Khurana answers readers' personal income tax queries
Errors in filing income-tax returns frequently lead to scrutiny notices, additional liabilities, or delayed refunds.
Taxpayers required to file ITR-2 or ITR-3 can now download the Excel utilities from the I-T department's e-filing portal, fill in their details offline.
'The original provision will be restored. AMT is meant only for those claiming deductions, not for firms earning regular income like capital gains,' a senior government official said.
Despite similar tax treatment, debt MFs enjoy certain advantages over FDs.
Think again. Not filing could cost you. Here's who must file, who should, and why it matters. What's more, the deadline to file your ITR has been extended till September 15, 2025
'A balanced portfolio mix of domestic and international equity, fixed income, and precious metals is recommended.'
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The income tax department has notified all seven income tax return forms for assessment year 2025-26. While ITR forms 1 and 4, which are filed by small and medium taxpayers, were notified on April 29; ITR-7, filed by trusts and charitable institutions, was notified on May 11.
rediffGURU T S Khurana answers readers' personal income tax queries.
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