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If I sell my 18-yr-old house for Rs 1 cr and purchase another house for Rs 1 cr, do I still have to pay capital gain tax? Nill tax if you have planned properly. How it possible, please visit our website below link. Under Section 54, an individual and an HUF can claim exemption from tax on long term capital gains if the taxpayer purchases another residential house within two years or construct a new house within three years from the date of sale of the original residential house. The capital gains exemption can also be claimed if a residential house is bought within one year prior to the date of sale of the original residential house. So if you are selling a residential house, you have to only invest the capital gains and not even the net sale proceeds. However, if you are selling a commercial house property, you have to invest the net sale consideration for claiming exemption under Section 54F. To avoid these penalties and ensure you benefit from the tax exemptions, it is crucial to de...

NPS Vatsalya calculator: Investment of Rs 10,000 can give you Rs 11 crore when your kid is 60 yrs & NPS Vatsalya: Quickest way to open an account for your child – Follow these steps.  Auto Choice: Guardians can opt for one of three lifecycle funds based on their risk appetite:   Aggressive Life Cycle Fund (LC-75) with 75% equity   Moderate Life Cycle Fund (LC-50) with 50% equity   Conservative Life Cycle Fund (LC-25) with 25% equity   Active Choice: Guardians have the flexibility to actively allocate funds across various asset classes, including up to 75% in equity, up to 100% in corporate debt, up to 100% in government securities, and a maximum of 5% in alternate assets.   By understanding these components, guardians can make informed decisions while opening and managing an NPS Vatsalya account for their minors.   Also read: NPS Vatsalya: Invest Rs 10,000 yearly and your child will receive Rs 11 crore on retirement – Check calculations   Here...