Government Launches FASTag-Based Annual Pass for Private Vehicles The Government of India has introduced a FASTag-based Annual Pass for non-commercial private vehicles, aiming to simplify toll payments and improve road travel. Effective from August 15, 2025, the pass costs ₹3,000 and offers several benefits. Key Features of the FASTag Annual Pass 1. *Fixed Fee*: ₹3,000 covering up to 200 trips or one calendar year. 2. *National Highway Coverage*: Applicable on National Highways across India. 3. *Exclusively for Private Vehicles*: Limited to non-commercial four-wheelers (cars, jeeps, vans). 4. *No Toll Deductions*: No toll deductions until the usage limit or validity is reached. Activation and Renewal The pass can be activated and renewed through: 1. *Rajmarg Yatra App* 2. *NHAI Website* 3. *MoRTH Website* Users will require valid FASTag credentials, vehicle registration number, and basic verification. Benefits and Objectives 1. *Simplified Toll Payments*: Single upfront payment re...
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.To avoid these penalties and ensure you benefit from the tax exemptions, it is crucial to deposit the unutilized capital gains into the CGAS before the due date of filing your Income Tax Return (ITR)
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...