Money

Son sells ancestral land for Rs 8 crore, buys 2 more properties; gets income tax notice but wins at ITAT Chandigarh: Know why

Invested in gold, silver, debt or equity ETFs? Check how capital gains tax maths differs across these mutual funds

• Gold, silver, equity and debt ETFs have different capital-gains tax treatment
• Holding period, ETF type and gain size can affect tax due
• Tax treatment affects after-tax returns for Indian ETF investors

Delhi ITAT ruling: How relative’s airline job cleared businessman of tax penalty on foreign currency found in raid

• A relative’s airline job helped establish the businessman’s ownership of foreign currency found in a raid
• The case highlights the need for credible evidence of cash ownership and source to contest tax penalties
• Indian taxpayers facing search-related foreign-currency seizures may need evidence of ownership and source to contest penalties

Your queries on Income Tax: No tax-free threshold for senior citizens on dividend income

Relief for taxpayers: Made a mistake in your income tax return? You still get your refund interest, rules ITAT

• The Income-tax Appellate Tribunal rejected the tax department’s attempt to withhold statutory interest

Woman ignores 4 tax notices, faces Rs 1.55 Cr tax additions: What ITAT says next

Builder paid interest on cancelled flat booking? Know the tax rules

Treasury Sec. Bessent, IRS crack down on ETF strategy the wealthy are using to avoid capital gains taxes

• IRS and Treasury warned wealthy investors about an ETF strategy used to shield capital gains income from taxes