by Jagdeep Garhwal | Jun 11, 2026 | Income Tax
What Is Section 54 of the Income Tax Act? Selling your home can bring a large tax bill. Fortunately, Section 54 of the Income Tax Act, 1961 offers significant relief. This provision allows homeowners to save on capital gains tax. Specifically, it applies when you sell...
by Jagdeep Garhwal | Jun 8, 2026 | Income Tax
When a Non-Resident Indian (NRI) sells a property in India, any profit arising from the transaction is generally taxable as Capital Gains. The tax treatment depends on the property’s holding period and determines whether the gain is classified as Short-Term...
by Jagdeep Garhwal | Jun 6, 2026 | Income Tax
India Exempts Foreign Investors from Tax on Government Securities The Income-Tax (Amendment) Ordinance, 2026 removes capital gains and interest tax for FIIs on G-Secs, effective April 1, 2026. June 5, 2026 Ministry of Law & Justice ...
by Jagdeep Garhwal | Jun 2, 2026 | General, Income Tax
A Comprehensive Legal & Practical Analysis Tax Law Series | June 2025 Abstract The Income-tax Act, 2025 (hereinafter “the Act”) consolidates and modernises India’s direct tax framework, replacing the Income-tax Act, 1961 after more than six...
by Jagdeep Garhwal | Jun 1, 2026 | Income Tax
Introduction The enactment of the Income-tax Act, 2025, marks a significant milestone in India’s direct tax administration. Designed to simplify compliance, improve readability, and eliminate decades of legislative complexity, the new law reorganizes and...
by Jagdeep Garhwal | Jun 1, 2026 | Income Tax
The enactment of the Income Tax Act, 2025 marks the most critical structural reorganization of India’s direct tax ecosystem since 1961. Designed to remove structural redundancies, the new Act condenses the nation’s direct tax provisions into a cleaner framework...
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