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tax exemption news

Government announces tax exemption for FII investments in G-secs: What to know

In a strategic move to attract Foreign Institutional Investors (FIIs), the Indian Government has announced tax exemptions on investments in Government securities (G-secs).
Published on Jun 12, 2026 12:14 pm IST

Selling your house? Here’s how to reduce your capital gains tax burden

When you sell a property, capital gains arise. However, you can save on paying taxes on capital gains by utilising certain provisions of the Income Tax Act. (Photo for representational purposes only)
Updated on Apr 20, 2026 08:59 am IST

Kavitha urges Centre to provide tax relief in severance to techies

Kavitha urges Centre to provide tax relief in severance to techies
Published on Apr 04, 2026 07:50 am IST

Section 54: Can seven adjoining flats qualify as a single unit for tax relief?

The Income Tax Appellate Tribunal ruled that adjoining flats used as one home qualify for exemption, shifting focus from the ‘one house’ rule to actual usage. (Picture for representational purposes only)
Updated on Mar 22, 2026 10:47 am IST

Why does Mamdani want a 50% estate tax for New York?

Mamdani’s administration has been exploring several options to generate additional revenue and has sought cooperation from the state legislature to implement potential changes.
Updated on Mar 15, 2026 06:31 am IST

Tax exempted for motor accident compensations

A busy road in Navi Mumbai. (HT Photo)
Published on Feb 02, 2026 09:29 am IST

Selling a property and buying an under construction apartment? Things to know

If you sell an apartment and plan to reinvest the proceeds in an under-construction property, any delay in project completion beyond three years could jeopardise your long-term capital gains (LTCG) exemption. ( Photo for representational purposes only)
Updated on Jan 27, 2026 07:35 am IST

ITAT dismisses Cong’s 199-cr exemption plea

ITAT dismisses Cong’s 199-cr exemption plea
Published on Jul 23, 2025 06:18 am IST

BCCI’s IPL profits untaxed, research pays GST: Professor calls for policy change

Kolkata: Actor Shah Rukh Khan with BCCI President Roger Binny, RCB captain Rajat Patidar and KKR captain Ajinkya Rahane during the cake cutting ceremony to mark the opening of Indian Premier League 2025, at the Eden Gardens in Kolkata, Saturday, March 22, 2025. (PTI Photo/Swapan Mahapatra) (PTI03_22_2025_000257B)
Updated on Apr 30, 2025 10:34 am IST

UK to tax private schools in £1.5 bn boost to public education

UK to tax private schools in £1.5 bn boost to public education
Published on Dec 29, 2024 05:32 am IST

Relief for Sai Baba Trust as HC upholds tax exemption on anonymous donations

Maharashtra, Dec 26 (ANI): Priests chanting during the solar eclipse timing, at Sai Baba temple in Shirdi on Thursday. (ANI Photo)
Updated on Dec 23, 2024 06:12 am IST

Shirdi Sansthan eligible for income tax exemption on anonymous donations: HC

Established in 1953 and recognised under the Bombay Public Trusts Act, the Shri Sai Baba Sansthan Trust, Shirdi has been a significant religious institution.
Updated on Oct 10, 2024 08:47 am IST

Delhi HC sets aside order directing CBDT to provide info on Ram Temple trust

The CPIO approached the high court challenging CIC’s November 2022 order. (Getty Images/iStockphoto)
Published on Mar 01, 2024 04:36 pm IST

'Dare Devil Mustafa' film team meets CM Siddaramaiah, urges for tax exemption

'Dare Devil Mustafa' film team meets CM Siddaramaiah, urges for tax exemption
Published on Jun 12, 2023 02:58 pm IST

Leave encashment tax-free till 25 lakh for private sector employees. Details

Earlier, the tax exemption on leave encashment for non-government employees was 3 lakh.
Published on May 26, 2023 04:09 pm IST

From RBI's 2,000 note withdrawal move to SC panel's ‘clean chit’ to Adani group

Adani group chairman Gautam Adani and 2000 denomination.
Published on May 21, 2023 03:30 pm IST

Puneeth Rajkumar's 'Gandhadha Gudi' movie to be tax-exempted, says CM Bommai

Puneeth Rajkumar passed away last year on October 29, following a cardiac arrest at the age of 46.
Published on Oct 22, 2022 08:02 am IST

Siddaramaiah asks govt to make Puneeth Rajkumar's 'James' tax-free

Congress leader Siddaramaiah demanded Puneeth Rajkumar's latest movie 'James' to be tax-free in K'taka
Updated on Mar 18, 2022 10:12 am IST

Traders vie for export boost and tax breaks

Merchandise exports last month slumped by almost 8.7% to $23.5 billion against $25.77 billion in November 2019.
Published on Dec 18, 2020 12:51 am IST

The new IT structure won’t have an impact on the majority of taxpayers

Eighty per cent of income tax filers will not be impacted by the new structure and another 15% will not see any significant savings benefits
Updated on Feb 14, 2020 06:49 pm IST

Budgeting for the long run

Rather than giving direct benefits to residential real-estate as a whole, the finance minister laid more focus on alternative segments within real estate such as warehousing, data centres, schools and hospitality market.
Published on Feb 08, 2020 07:45 pm IST

Exemptions for UPSC staff, poll chiefs to go

One of the proposals of the union budget presented on Saturday is to do away with tax exemptions that election commissioners enjoy.
Updated on Feb 02, 2020 07:02 am IST

Given existing constraints, the FM did her best. Now, continue to push reforms over the year

The direction in which the economy goes will depend on the reforms that follow this budget
Published on Feb 01, 2020 10:16 pm IST

Home loan tax rebate: Have you claimed these tax benefits yet?

Homebuyers should be aware of home loan tax benefits before submitting their annual tax return.
Updated on Jan 31, 2020 11:18 am IST

Govt plans rejig in personal tax slabs to boost spending

Government officials have been working on simplifying archaic income-tax laws and rationalising tax rates in line with recommendations of the task force on the Direct Tax Code (DTC), which submitted its report on August 19. (Photo @nsitharaman)
Updated on Jul 05, 2020 03:43 pm IST

Budget 2019- Basic tax exemption to be raised to Rs 3 lakh: Report

In the Interim Budget, the government had proposed a rebate on all payable taxes if an individual’s taxable income is up to Rs 5 lakh per annum. But it kept the basic exemption levels unchanged.
Updated on May 28, 2020 06:35 pm IST

Union Budget 2019: Realty players seek measures to tackle liquidity crunch

The government should take steps to increase liquidity in the system in the upcoming budget to give a boost to cash-starved real estate sector and achieve ‘Housing for All’ by 2022, according to property developers and consultants.
Updated on Jul 04, 2019 11:16 am IST

Row after Army says disability pension to be taxed to stop exploitation

The army’s explanation of why taxing the disability pension was necessary came after finance minister Nirmala Sitharaman’s office on Tuesday tweeted a letter that said unscrupulous personnel gained from disability benefits. (ANI file photo)
Updated on Jul 05, 2019 11:51 am IST

Pension with disability benefits for soldiers who served full term to be taxed

Disability pension and the pension soldiers, who have served their full tenure with the three services of the armed forces, get will no longer be exempt from income tax (AP Photo)
Updated on Jun 26, 2019 05:03 pm IST

Disability pension no longer tax free for soldiers who serve full tenure

Disability pension and the pension soldiers who have served their full tenure with the three services - Indian Navy, Army, Air Force - will no longer be exempt from income tax, according to a recent notification of the Finance Ministry.
Updated on Jun 25, 2019 11:25 pm IST