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Can You File ITR 1 with Capital Gains? Understanding the New Rules for FY 2024–25
From FY 2024–25, resident individuals can file ITR-1 (Sahaj) even if they have long-term capital gains (LTCG) from listed equity shares...
Farheen Mukadam
Jun 1912 min read
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Capital Gains TDS Errors & Section 143(1) Notices: Impact on ITR Filing
Capital gains tax is a significant aspect of the Indian Income Tax system, where tax is levied on profits from the sale of capital assets...

Rajesh Kumar Kar
Jun 37 min read
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Farheen Mukadam
Jun 17 min read
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Correct Capital Gains Mistakes with ITR-U and Avoid Notices
Accurate reporting of capital gains is crucial to avoid penalties and scrutiny from tax authorities. Common mistakes such as missing...

Asharam Swain
May 278 min read
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Filing ITR with Capital Gains from Shares and Mutual Funds: Step-by-Step Process
Filing an Income Tax Return (ITR) that involves capital gains from shares and mutual funds can be daunting for many taxpayers,...

Asharam Swain
May 169 min read
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Understanding the Cost Inflation Index and Its Related Announcements
In a recent announcement, the Central Board of Direct Taxes (CBDT) declared that the 'Cost Inflation Index (CII)' for the Financial Year...

Rajesh Kumar Kar
May 148 min read
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Long-Term Capital Gain (LTCG) Tax: Rates, Calculation, and Example
Long-term capital gains (LTCG) are a cornerstone of financial planning and taxation in India. They refer to profits derived from selling...

Indrajeet Sharma
May 145 min read
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Section 54F of Income Tax Act: Investing Capital Gains Multiple Times for Buying a New Residential House Property
Section 54F of the Income Tax Act opens up an important possibility for those taxpayers who wish to invest their capital gains  in...

Dipali Waghmode
May 1420 min read
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Capital Gains Account Scheme (CGAS): A Detailed Overview
Selling a capital asset results in capital gains. AÂ capital gain is the sum of money you get on the sale of a capital asset. The Capital...

Indrajeet Sharma
May 1411 min read
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Section 54EC: Deduction on LTCG Through Capital Gain Bonds
When it comes to managing taxes on long-term capital gains (LTCG), especially from the sale of assets like land or buildings, the Income...
Farheen Mukadam
May 1410 min read
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