Indian Tax System

Tax on sale of a business or partnership interest: slump sale rules under Section 50B, the 36-month threshold, and why the exact exit mechanism decides whether you or the firm pays tax.

Cost of acquisition rules for inherited property: why your cost is the previous owner’s, not zero, the pre-2001 fair market value option, and why getting this wrong usually means underpaying, not overpaying.

Capital gains exemption under Section 54B vs Section 54D compared: who can claim each, what triggers them, reinvestment windows, and a worked example.

Section 80U vs Section 80DD compared: whose disability qualifies, the two ways to claim 80DD, and why you cannot double-claim the same disabled person.

Section 80GGC tax deduction for political party donations explained: eligibility, documentation, and the active CBDT crackdown on false claims.

Rent without agreement vs with agreement for HRA claims: when the difference actually matters, and when Section 194-IB TDS makes it irrelevant.

Rental income vs capital gain on sale compared for FY 2025-26: annual slab-rate tax vs one-time flat 12.5% LTCG, with a Python-verified worked example.

Property tax vs income tax on rent explained: two separate taxes to two different authorities, and exactly how one reduces the other when you rent out property.

Two home loans, two sets of tax rules for FY 2025-26: interest deduction caps, the shared Section 80C limit, and the first-home-only benefit your second loan can never claim.

SWP vs dividend option tax compared for FY 2025-26: only gains are taxed in an SWP, the full payout is taxed under IDCW, with a Python-verified worked example.