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Income tax rules explained: Can you claim exemption on long-term capital gains from selling a commercial property?
Many taxpayers are unsure about how long-term capital gains (LTCG) from the sale of a commercial property are treated under the Income Tax Act. A common question is whether the tax exemption available ...
On July 4, 2025, President Donald Trump signed into law the Act (formerly referred to as the One Big Beautiful Bill Act, or OBBBA). The Act includes a suite of tax-related provisions that (1) make ...
By prescribing the “commercial realisability” test, the Supreme Court has clarified that the exemption under Section 47(vii) of the Income-tax Act is available only to investors, and not to traders ...
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