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HUF TAXATION INDIA
Foreign investments in your portfolio? Follow this ITR checklist to avoid tax scrutinyResident and Ordinarily Resident (ROR) taxpayers with foreign assets or income must carefully disclose overseas investments, dividends and ...- Parliamentary panel expresses concern over investments in cryptocurrenciesA parliamentary panel has expressed alarm over thousands of crores invested in virtual digital assets. The committee is studying global app...
- Married, but paying income tax separately: Why should Budget 2026 introduce a joint taxation mechanism for married couples?Budget 2026 is urged to consider an optional joint taxation mechanism for married couples. This reform aims to address inequalities faced b...
- Karta repays more than advance taken, I-T sends tax notice, but ITAT Mumbai rules in favour of HUFThe Mumbai branch of the Income Tax Appellate Tribunal has issued an important ruling, stating that any surplus loan refunds received by a ...
- No income tax for gifts received by individuals in these seven situationsThe Income Tax Department explained the tax implications of monetary gifts for individuals and HUFs, referencing Section 56(2)(x) of the In...
- Which ITR form you should use to file your income tax return depends on your income sources and taxpayer category: Here’s how to pick rightThe Income Tax Department has notified the updated forms for Assessment Year 2025-26. Here’s a quick guide to help you identify the correct...
- ITR 3 applicability: Who can file income tax return using ITR 3 form for FY2023-24ITR 3 form applicability: Depending on the origin of your income and the type of taxpayer you are, you need to choose one of these forms wh...
- Zerodha's Nithin Kamath draws attention to a lesser-known income-tax saving methodNithin Kamath, the billionaire co-founder and CEO of Zerodha, highlighted the benefits of the Hindu Undivided Family (HUF) through a post o...
- Private Trusts Vs HUFs: Which suits your needs to pass on assets to legal heirs?Will, gift deed, private trusts are some of the most commonly used methods that an individual can use to pass on the assets to his/her fami...
- Should the HUF be phased out?ET Wealth talks to experts to draw out opinions on both sides of the argument on whether HUFs should be phased out.
- ITR forms for FY 2021-22 notified, no major changes in income tax return formsThe income tax return forms notified by the CBDT for FY 2021-22 have been kept unchanged. The individuals are required to provide informati...
- New I-T return forms: Expats need to give more info for claiming tax pact reliefOverseas residential details, tax identification numbers & residential status in India will need to be provided.
- Tax saving tool HUF may cease to exist: Law Commission proposes to abolish itOn income earned, the Hindu Undivided Family is taxed on the same slab rates applicable to an individual.
- Tax queries answered by Dilip Lakhani, Senior Chartered AccountantEvery week, an expert selected by ET answers queries from our readers on income tax and other levies.
- Tax queries answered by Dilip Lakhani, Senior Chartered AccountantEvery week, an expert selected by ET answers queries from our readers on taxes. This week, the queries include those on HUF, STT, etc.
- Expect a flurry of dividends, says Centrum WealthThis is post the the government announcing an additional 10% tax for those earning an annual dividend income of more than Rs 10 lakh.
- DTC draft retains exemption limit; proposes 35% super-rich taxThe revised draft of DTC Bill has retained the income tax exemption limit at Rs 2 lakh and introduced a fourth slab of 35% on super-rich.
- Formation of HUF for tax benefit: All you want to knowAn HUF is automatically constituted after marriage. It can also be formed by partition of an existing HUF into multiple units.
- All about wealth taxYou don't need to be on the Forbes billionaires list to be subject to wealth tax. All you need to possess is a few prescribed assets, the v...
- 'Higher surcharge on individuals and less on companies is unfair'Earned income is income generated by personal exertions, perspiration and employment of human machinery.
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