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Can you claim Section 54F tax exemption on sale of inherited agricultural land? Here's what expert says
2+ hour, 1+ min ago (415+ words) An individual told Mint that he had inherited an agricultural land parcel from his father and was the second generation to inherit it. The original purchase date of this non-residential asset is estimated to be between 40 and 50 years ago. He…...
When does agri land sale qualify for tax exemption?
15+ hour, 22+ min ago (209+ words) —Name withheld on request We understand that you have inherited agricultural land, of which the original purchase date is 40-50 years old. For determining taxability on its sale as capital gains and related deductions, it should first be examined whether the…...
Austria's Bitcoin Exit Tax: How Departure Triggers a Deemed Sale and What Value Counts — BigGo Finance
1+ day, 7+ hour ago (456+ words) Austrian Bitcoin investors planning to move abroad face a critical tax question that has nothing to do with selling their holdings. Under the country's exit tax rules, simply leaving Austria can trigger a deemed disposal of cryptocurrency, creating an immediate…...
Wife buys husband's Rs 7.5 crore Mumbai property, ITAT allows tax benefit
1+ day, 17+ hour ago (442+ words) ITAT - Income Tax News, Income Tax Recent News - 2026 The taxpayer had filed her return for the financial year 2020-21 declaring total taxable income of Rs 1.9 crore. Her gross income included long-term capital gains of Rs 8.31 arising from the transfer of unlisted…...
IRS Issues Draft Forms for Units’ Currency Gain, Loss Reporting
2+ day, 3+ hour ago (103+ words) news.bloombergtax.com The IRS released draft forms for reporting currency gains and losses by companies’ foreign subsidiaries. The drafts of Form 8964, Information Return of Certain Qualified Business Units (QBUs), and its Schedule A, Suspended Section 987 Loss, were released Thursday....
What Happens Between a Wallet Export and a Filed Crypto Tax Return?
2+ day, 21+ hour ago (755+ words) Crypto tax software makes one part of reporting easier: it collects data and applies calculation rules at scale. But a wallet export is not a tax return, and a green “all transactions reviewed” indicator is not proof that the underlying…...
Forced Sale on a Crypto Exchange: Tax and Holding Period
3+ day, 2+ hour ago (1797+ words) At Luno, Kraken and Valour the deadlines are running out, after which the provider realises the remaining holding itself. For tax purposes that is a disposal, and what governs it is the exchange's timestamp. All these texts answer the same…...
Quant Infrastructure Fund Taxation
3+ day, 2+ hour ago (222+ words) Business Upturn Quant Infrastructure Fund Taxation - Short-term gains (held 12 months or less) are taxed at a flat 20% - Long-term gains (held over 12 months) are taxed at 12.5%, with the first ₹1.25 lakh of gains in a financial year tax-free - Full fund review is…...
Section 54F tax exemption with 2 houses? Steps to claim benefit after share sale explained
3+ day, 20+ hour ago (184+ words) Section 54F exemption: Explore steps to claim tax benefit following share sale in case of 2 houses. Chartered accountant Mahesh Nyak answered how one can claim exemption through HUF transfer. According to chartered accountant Mahesh Nyak, the exemption for reinvestment in residential…...
Taxpayer builds new house before selling old property, faces Section 54 dispute; ITAT Delhi quashes tax notice
4+ day, 3+ hour ago (572+ words) A taxpayer who constructed a new house before selling his old residential property has won a case against the tax department. In its 3 August 2026 order in Raj Kumar vs ITO, ITA No. 3396/Del/2026, the ITAT Delhi quashed the reassessment after…...