SECTION 54F
D-Street poised for positive start as GIFT Nifty signals gains
The Indian market concluded lower during the special Muhurat Trading session, breaking a seven-session winning streak. Analysts indicate strong institutional participation and corporate earnings underpin the market structure. India VIX rose by 12% to reflect increased market fear, settling at 17.46 levels. Foreign portfolio investors net bought shares worth Rs 13,749 crore, while domestic investors sold shares.
LTCG tax relief for these mutual fund investors proposed by SEBI; know how switching funds for portfolio rebalancing can save tax
The Securities and Exchange Board of India (SEBI) has put forth a proposal to exempt long-term capital gains tax for investors who switch mutual funds. This change if accepted by the government would enable individuals to adjust their portfolios without facing tax penalties, promoting more strategic reinvestment.
The Rs 1.5 lakh crore MTF problem: How shrinking leveraged positions are deepening India's smallcap sell-off
India’s smallcap sell-off is intensifying as margin trading facility (MTF) positions decline from record levels. With nearly Rs 72,000 crore exposed to smallcaps, forced liquidations could deepen losses, although SEBI safeguards may limit systemic risks.
Homeowner sold redeveloped flat for Rs 1.95 crore, paid no income tax, received a tax notice; wins relief in ITAT Mumbai
After redevelopment of housing society, homeowner sold his flat for Rs 1.95 crore, pays no tax, got tax notice, wins case in ITAT Mumbai for this reason
Man earns Rs 75 lakh by redeveloping property inherited from mother, pays no income tax, receives notice, wins case in ITAT Delhi
Property owner inherits mother’s land, converts it into freehold, DDA grants mutation, redevelops it, gets Rs 75 lakh from builder, pays no tax, gets tax notice, wins case in ITAT Delhi.
Sterlite Tech shares jump 4% as Nomura initiates coverage forecasting nearly 50% upside in 2026 multibagger. Here’s why
Nomura initiated coverage on Sterlite Technologies with a Buy rating and Rs 1,350 target, implying 48.5% upside. The brokerage expects strong optical fibre demand, data-centre growth and planned capacity expansion to drive STL’s revenue and margins. Shares have already surged sharply, gaining 430% in six months and 880% year-to-date.
- Go To Page 1
Rs 67 lakh ancestral jewellery declaration in ITR triggers income tax notice of unexplained credit: Here's why lady won at ITAT Mumbai
Wife filed Schedule AL in ITR for first time and got hit with unexplained credit income tax notice for ancestral family jewellery worth Rs 67 lakh; she claimed it’s ancestral and wins relief in ITAT Mumbai.
Son sells ancestral land for Rs 8 crore, buys 2 more properties; gets income tax notice but wins at ITAT Chandigarh: Know why
A family from Panchkula owned some ancestral land in a village. A member of this family sold his share of the the said land for Rs 8 crore and purchased two more lands and claimed Section 54B and Section 54F tax exemption. However, he got a tax notice.
SBI PO Mains Result 2026: When will SBI PO Mains result be declared? Check expected date, how to download and next steps
SBI PO Mains Result 2026 is expected in September or October for candidates who appeared for the Phase II examination on September 12. The result will be released on the official SBI website in PDF format, listing roll numbers of shortlisted candidates. Check the expected result date, steps to download the result, Phase III selection process and details of the 1,500 Probationary Officer vacancies.
If I sell my property jointly owned with my wife, can I buy the new one in my name for LTCG tax exemption?
ET Wealth Reader's Query: I jointly own a property with my wife, although it was funded entirely by me. If I sell this property, is it necessary to purchase the new property in our joint names to qualify for the Long-Term Capital Gains (LTCG) tax exemption, or can I purchase the new property solely in my name?
Inherited mother's land, converted it into business stock, and invested over Rs 5 crore in a new home; ITAT Surat grants Section 54F tax exemption relying on a 1983 CBDT circular; Know why
Son inherited 50% of mother’s land and took it in his real estate business as business stock; brought an even larger plot for Rs 2 crore claimed Section 54F tax exemption; tax dept denies it; Here’s how a 1983 CBDT circular (No. 359 dated May 10, 1983) helped him win the case in ITAT Surat. Read the article.
Wife paid husband Rs 7.5 crore after selling her shares and bought his Mumbai property, filed ITR claiming 54F tax exemption, got tax notice; she fought and won the case in ITAT Mumbai
Wife got tax notice as she claimed Section 54F tax exemption by purchasing her husband’s own Mumbai property for Rs 7.5 crore; ITAT Mumbai rules that a property transaction between spouses does not become sham merely because they are related. Know how she won the case in ITAT Mumbai.
Man was denied Section 54F income tax exemption as builder delayed villa construction by 4 years; Telangana HC grants relief, says taxpayer can't suffer for builder's fault
Builder delayed villa's construction by 4 years, thus tax dept denied Section 54F tax exemption to homebuyer; Telangana HC says homebuyer can't be penalised for builder's fault and gives him 54F tax exemption. Know how homebuyer won Section 54F tax exemption case in Telangana High Court.
Save income tax when filing ITR for AY 2026-2027 by claiming Section 54 or 54F benefits if you sold land, house property or equity shares; Know how
Indian taxpayers can claim capital gains tax exemptions by reinvesting sale proceeds. Section 54 and 54F allow exemptions for residential property sales and other assets. Specific timelines and conditions must be met for claiming these tax benefits. Unutilised amounts must be deposited in the Capital Gains Account Scheme. Reporting these exemptions is crucial in the Income Tax Return schedules.
Man sold unlisted shares, bought Rs 5.65 cr house, faced income tax scrutiny; he fought back and won in ITAT Delhi despite low income declaration
Mr. Bansal successfully appealed a tax demand after claiming Section 54F exemption on Rs 7.59 crore long-term capital gains from unlisted shares. The ITAT Delhi ruled that depositing unutilized funds in the Capital Gains Account Scheme was unnecessary as the property was purchased before filing the ITR. The tribunal also clarified ownership of a single residential unit and independent computation of capital gains.
Lady sells listed equity shares for Rs 26 crore and constructs house, pays no capital gains tax; ITAT Kolkata rules in her favour
A woman successfully claimed capital gains tax exemption on Rs 26 crore from selling shares. The Income Tax Appellate Tribunal in Kolkata ruled in her favour, allowing her claim under Section 54F. She invested the proceeds in constructing a residential property. The tribunal clarified rules regarding joint ownership, property usage, and construction timelines.
Worried about 12.5% LTCG tax on sale of shares, MFs, gold, or property? CA shares how to cut it to zero
Section 54F of the Income Tax Act offers a way to eliminate capital gains tax on long-term assets like shares or property. This provision allows investors to reinvest sale proceeds into a residential property in India within a specific timeframe. By reinvesting, taxpayers can potentially reduce their tax burden to zero, provided they meet all the conditions.
90 crore tax deduction approved! Delhi HC allows 54F income tax deduction for buying multiple floors! Here's what it means for you
In a decision bringing clarity to Section 54F deductions under the Income Tax Act, the Delhi High Court has clarified that owning multiple floors in the same building is not equivalent to owning multiple residential properties. This ruling allows homeowners to claim long-term capital gains exemptions when investing sale proceeds into a new residential house, even if they own multiple floors in their existing single residence.
Delhi HC denies capital gains tax exemption u/s 54F claim by a widow who bought two non-adjacent flats in Noida
Section 54F: This section allows individual and HUF taxpayers to save tax on capital gains arising from the sale of a long-term capital asset, other than a residential property, by investing the gains in a new residential property. However, a women who did exactly this was denied the capital gains tax exemption by Court. Read to know why this happened and how to prevent this from happening with you.
Budget 2024: Zerodha's Nithin Kamath wants govt to add additional exemption in capital gains tax
Section 54F of the Income Tax Act offers an exemption on long-term capital gains earned from selling assets (excluding residential houses), if the sale proceeds are used to buy or build a new residential house.
Joint-ownership in existing flat will not bar tax benefit on investments in another house: ITAT
When a taxpayer earns long-term capital gains from sale of any asset (other than a house property), the tax arising on the gains can be saved by investing the net sale proceeds in a residential property. The quantum of exemption depends on the amount invested in the new house. If the amount invested is less than the net sale consideration then the exemption is proportional.
Investment limit capped at Rs 10 crore for capital gains account scheme from FY2023-24
The government set a limit of Rs 10 crore for the long-term capital gain tax deduction for reinvestment in residential properties in Budget 2023.
Budget 2023 should remove this anomaly to make claiming tax exemption on LTCG under section 54F easier
The current income tax provisions allow an individual taxpayers to claim exemption from having to pay capital gains tax from long term capital assets. However, there are certain challenges under section 54F of the Income-tax Act, that makes it difficult for individuals taxpayers to claim exemption. If these anomalies are removed or explicitly clarified then it will help individual taxpayers.
Planning to save LTCG tax by buying new house? Govt extends time limit till March 31, 2023
The Central Board of Direct Taxes (CBDT) has issued a circular on January 6, 2023, to extend the time limit to claim tax exemption under section 54 and 54GB of the Income-tax Act, 1961. An individual who was required to invest in specified asset between April 1, 2021 and February 28, 2022, now have time till March 31, 2022 to invest and save tax.
Load More
