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TAX PLANNING GAP YEARS
Woman retired at 64 with $380,000 in her 401(k). Nine years later, her first RMD faced a 22% tax rateDuring the gap years, retirees often overlook essential tax planning opportunities. This crucial time allows them to manage their taxable i...- Rs 34.8 lakh difference in price and stamp duty added to husband's income for taxation despite jointly owned property - ITAT Mumbai calls it 'not justified'A husband and a wife bought a flat jointly for Rs 60 lakh, however, the stamp duty value stood at Rs 94.8 lakh, leading to a difference of ...
- Should young professionals buy health insurance beyond their employer cover?Employer health insurance offers peace of mind, but what happens when you change jobs? This article explores the benefits of securing your ...
- Indian Inc rushes to align with UAE’s 15% minimum tax as November deadline loomsIndian multinationals are assessing their UAE tax exposure before November's deadline. A new 15% minimum tax could affect their existing co...
- Rs 25 lakh cash deposited in bank, income tax officer sends notice for unexplained cash u/s 69; Taxpayer wins case in ITAT Bangalore, here's whyEmployee deposits Rs 25 lakh cash in bank; tax officer sends notice for unexplained cash u/s 69; Employee wins case in ITAT Bangalore; Know...
- REITs and InvITs: Despite tax-free dividends, non-resident investors may need to file ITR to claim a refund of TDSThe Taxation and Other Laws (Amendment) Act, 2026 addresses existing dividend tax discrepancies for unitholders by granting unconditional e...
- US trade gap in July hits biggest in over a year on AI buildoutThe US trade deficit in July widened to its largest since March 2025, government data showed Thursday, as imports climbed on the back of th...
- Swiggy forays into dedicated travel concierge service with CREWSwiggy's CREW platform has launched as a dedicated personal travel concierge service. This service plans, books, and curates entire journey...
- Russian Sberbank works towards expansion in IndiaThe expansion comes as India and Russia seek to widen economic ties. The two countries have set a target of $100 billion in annual trade by...
- Trump’s second-term policies put US finances under growing strain as debt tops $40 trillionDuring President Trump's presidency, the national debt of the U.S. has ballooned to over forty trillion dollars. Federal expenditures are o...
- The road less paved: India’s cities have a governance problemAs key contributors to national economic growth, Indian cities face challenges in governance due to unfulfilled promises of devolving power...
- South Korean finance minister nominee vows to advance AI projectsThe pledge follows the government's unveiling on Tuesday of its most aggressive fiscal spending plan on record for next year, which inclu...
- Assam CM Himanta Biswa Sarma pushes dairy expansion, targets stronger milk production and processingAssam Chief Minister Himanta Biswa Sarma has directed measures to strengthen Assam’s dairy sector, including higher milk production, expand...
- South Korea proposes record $597 billion 2027 budget to supercharge AI investmentIn its annual budget proposal, the budget ministry said the spending plan represented a 12.8% rise from 2026, marking the largest year-on...
- Apr-July fiscal gap touches 26.8% of full-year targetThe Centre's fiscal deficit for April-July FY27 stood at 26.8 percent of the budget estimate. This figure showed a slight decrease compared...
- Finance Act 2026: Updated return rules change for taxpayers reporting reduced lossesThe Finance Act, 2026, has plugged a significant gap. Earlier, an updated return could not be filed if unaccounted income merely reduced a ...
- India's fiscal deficit for April-July at Rs 4.55 lakh crore, narrows to 26.8% of FY27 aimIndia's fiscal deficit reached 4.55 lakh crore rupees through July. This figure represents 26.8% of the annual budget estimates for this ye...
- Lifecycle funds: Should you invest in target-date funds for your financial goals? Know the benefits, risks and limitationsGoal-based investing is not a new concept. Mapping investments to specific goals gives your outlay a defined purpose, helps you stay commit...
- Gap shares surge 24% after Old Navy leadership shake-up, profit forecast raisedGap shares jumped as much as 24.1% after the retailer named Michael Francis as Old Navy CEO and raised its annual profit forecast. The appo...
- India sets eyes on 100 more flagged vessels to cut forex outgoIndia plans to add one hundred flagged vessels within five years. This initiative aims to significantly reduce the nation's foreign freight...
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