Archive · 11 Jun 2025
Income Tax Q&A: Expert Answers Reader's Queries
Imagine you have questions about paying taxes, and an expert is answering them!
People asked about selling stocks to get tax breaks, buying houses, and what to do with rental income.
The expert clarified that if you sell stocks and make money, you can use that money to build a house and potentially avoid some taxes.
Money received as gifts is generally not taxed.
If you rent out a house and it's empty sometimes, you can get a break on taxes for those empty months.
The article also reminds people to have clear records when renting and getting money back from landlords.
An expert answers income tax-related queries from readers.
Questions cover topics like ESOP sales, property purchases, and rental income.
LTCG can be used for exemption under section 54-F for residential properties.
Gifts from relatives are generally not taxable.
Vacancy allowance can be claimed for vacant properties.
- Who
- T S Khurana, a member of The Institute of Cost Accountants of India, and various readers.
- What
- Answers to income tax-related questions, covering capital gains, rental income, and property taxation.
- When
- Information is current, based on reader questions.
- Where
- Online, through a Q&A format.
- Why
- To answer reader's queries regarding income tax.
- Expert
- T S Khurana
- Focus
- Income tax queries
- Topics Covered
- Long-Term Capital Gains (LTCG) from security sales, rental income, gifts, property purchases
- Relevant Tax Sections
- Exemption u/s 54-F
- Rental Income Best Practice
- Ensure rent payments via banking channels and get a lease deed.