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India’s GDP grows 7.8% in Q1: Factors powering the economy despite global turmoil

India’s GDP grows 7.8% in Q1 War next door. Markets on edge. Commodity prices swinging. Yet India’s growth engine continues to run strong, clocking a 7.8% GDP growth for the April-June quarter.The Q1 numbers for the financial year 2026-2027 are particularly significant as they beat expectations and comfortably exceeded the Reserve Bank of India’s 7%…

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Sold a property funded entirely by you but jointly owned with your wife? You may claim 100% Section 54 LTCG exemption on a new home in your name; what your wife should report in her ITR

Section 54 provides relief from long-term capital gains tax when an individual or HUF sells a residential house and reinvests the capital gain in another residential house. You bought a property jointly in the name of yourself and your wife, but the entire money spent on the purchase came from you. Now you are planning…

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