Made profits in gold or silver? Here’s how to lock in gains and reset cost without raising your tax outgo

Gold and silver funds experienced strong rallies and sharp corrections, creating opportunities for tax harvesting. Investors can strategically use capital losses to offset gains or leverage the LTCG exemption to retain more profits. Careful timing and adherence to tax rules can significantly improve post-tax returns without altering long-term allocations. Tax harvesting can help investors lock in gains, adjust losses, and step up acquisition costs— without changing their long-term precious metals bet.

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Higher HRA, bigger tax-free perks: How draft Income-Tax Rules 2026 could boost your take-home pay

Budget 2026 introduces significant perquisite rule changes, lowering taxable housing valuations and increasing tax-free limits for education, meals, and gifts. While motor car perquisite values rise for employer-owned vehicles, employee-owned cars see a decrease in taxable value. These adjustments aim to boost employee take-home pay by reducing taxable income components.

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Old regime revival? Do the math first

Meaningful gains under the old regime hinge largely on HRA -- and not everyone may qualify.

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Old regime revival? Do the math first

Meaningful gains under the old regime hinge largely on HRA -- and not everyone may qualify.

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Income tax refund delay scam: As fraudsters target taxpayers with fake tax delay messages, I-T Department issues alert

.The Income Tax Department has revealed that these fraudulent messages often contain minor spelling errors and fake links designed to appear genuine. The I-T Department has asked citizens to verify all tax-related information only through its official website.

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10 tax-free incomes in India: EPF, PPF, gratuity, tax-free bonds & more

Unlock tax savings with these 10 income sources exempt from income tax in India. From agricultural earnings and PPF/EPF returns to life insurance maturity and scholarships, understand how to legally reduce your tax burden.

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High salary earners getting ‘nudge’ notices from Income Tax Dept? Here’s why you received it and what action to take now

High salary earners are receiving 'nudge' notices from the Income Tax Department. These notices prompt employees to correct errors like undeclared property income, crypto gains, and ESOPs. The department is offering a final chance to voluntarily fix mistakes before taking stricter action. This initiative aims to ensure accurate tax declarations and compliance among affluent taxpayers.

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Earning Rs 15–25 lakh? Draft Income Tax Rules 2026 could make the old tax regime more rewarding—here’s how to cut your income tax bill

Draft Income-tax Rules 2026 propose increased allowance limits, potentially allowing taxpayers under the old regime to pay significantly less tax. Calculations suggest substantial savings for salaries of Rs 15 lakh, Rs 20 lakh, and Rs 25 lakh compared to the new tax regime, if these changes are approved.

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Lady wins Rs 83 lakh capital gains tax exemption case: ITAT Mumbai flags officer’s jurisdiction error

A taxpayer successfully challenged an Rs 83 lakh capital gains tax exemption denial in ITAT Mumbai. The Income Tax officer erred by reopening the assessment without specifying the Section 54F exemption as a reason. ITAT Mumbai ruled the officer lacked jurisdiction for this addition, quashing the disallowance based on a Bombay High Court precedent.

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Saving of Rs 1.2 lakh instantly when sending this amount abroad, but should you wait till April 1 for this?

Good news for Indian families! The Union Budget 2026 significantly reduces Tax Collected at Source (TCS) on overseas education and medical remittances from 5% to 2% for amounts exceeding Rs 10 lakh annually. This change, effective April 1, 2026, offers substantial upfront cash flow relief, allowing families to save up to Rs 1.

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From property deals to foreign assets: how the Income-Tax Department tracks your money

In December, the Income-tax Department sent SMS and email alerts flagging mismatches in reported income and non-disclosure of foreign assets. This article explains how such information reaches the tax system—through SFT filings, TDS/TCS data and global information-sharing frameworks—and what taxpayers should do to stay compliant in a data-driven tax regime.

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Can I use the sale proceeds from my house to pay 50% share to my sister and claim capital gains exemption?

ET Wealth Reader's Query: Can I use the sale proceeds from my own house to pay my sister her 50% share in our father’s property so that the entire property can be transferred to my name?

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Company car perk gets costlier: Draft Income Tax Rules 2026 could add Rs 4,352 to your tax bill over car perks on Rs 15 lakh salary

Salaried employees face increased income tax under draft Income Tax Rules, 2026, due to changes in company car perk valuation. Those using company cars partly for personal use will see higher taxable perquisites, leading to an additional tax outgo. The new rules significantly revise the monetary value assigned to this benefit.

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