Investors can claim long-term capital gains exemption by purchasing two residential properties if the gains do not exceed Rs. 2 crores. Inheritance of assets is tax-free for recipients.

You must abide by specific tax regulations for Virtual Digital Assets (VDAs), which include NFTs and cryptocurrencies, in ...

Adding further, many senior citizens mistakenly assume that filing returns isnt necessary if tax is already deducted at ...

ITAT Mumbai held that addition under section 56 (2) (x) of the Income Tax Act not justified since value adopted by the DVO and actual purchase price declared by the assessee falls within the tolerance ...