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TAX RELIEF FOR HEIRS
Selling inherited property? Know who is liable to pay income tax on capital gains and how heirs can claim tax reliefSelling inherited property? Know who among the brothers and sisters are liable to pay capital gains tax on it and how to claim tax relief.- Hold US stocks under LRS? Here’s why you may not be able to gift them to NRI childrenIndian residents cannot gift US shares purchased through the LRS route to their NRI children. The liberalised remittance scheme requires sa...
- SBI rejects Rs 9.48 lakh VRS claim after employee dies a month before cut-off date; HC orders payment to family for this reasonSBI denied Rs 9.48 Lakh VRS benefits as employee died a month before VRS retirement cut-off date; Telangana HC grants relief to family and ...
- NRI Talk| For a Rs 50 crore NRI portfolio, structure matters as much as stock selection: Tarun BiraniNRIs view India with cautious optimism, recognizing its long-term growth potential despite recent market flatness and rupee depreciation. D...
- Pension is salary, family pension is not: Key tax rules pensioners must know before filing ITR for AY 2026-27Pension and family pension are taxed differently under the Income-Tax Act, yet many taxpayers continue to confuse the two while filing retu...
- No nomination in mutual fund or demat account? Here’s how legal heirs can claim investmentsNot having a nominee in mutual funds or demat accounts doesn’t mean your investments are lost—but it can make access difficult for your fam...
- Property partition after owner’s death: A guide for legal heirs to divide assetsPartition of a property means the legal division of jointly owned property among co-owners or legal heirs, severing joint occupancy into in...
- Inherited an IRA? Get it out within a decade or lose itNew inherited IRA rules have changed how people take money after someone dies. The old stretch option is mostly gone, and many heirs must f...
- Has Standard Deduction for FY 2026-27 for salaried employees changed in Budget 2026?Union Budget 2026: Finance Minister Nirmala Sitharaman has maintained the standard deduction at Rs 75,000 for salaried individuals and pens...
- Exemption from income tax on interest awarded by the Motor Accident Claims Tribunal to a natural person in Budget 2026Union Budget 2026 has proposed that any interest awarded by the Motor Accident ClaimsTribunal to a natural person will be exempt from incom...
- Mutation entry can’t override real ownership or inheritance rights, says Supreme CourtThe Supreme Court ruled that property mutation entries do not confer ownership or title. A property dispute involving ancestral land, a con...
- Father died after accident, motor insurance company refused to pay, kids and wife fight back and win Rs 20 lakh compensation with 9% interestAfter a nine-year legal battle, the Supreme Court awarded Rs 20 lakh compensation with 9% interest to the wife and children of Dhanraj, who...
- Granddaughter says father and aunt denied her share in grandfather’s property; Delhi Court quotes Hindu Succession Act to reject her claimThe Delhi High Court dismissed K. Jain's plea. She sought a share in her late paternal grandfather, Mr. Pawan's property. Mr. Pawan died in...
- Trump’s ‘Big Beautiful Bill’ set to transform your taxes: Here’s howCongress approved President Donald Trump's tax bill. It brings significant tax changes for Americans. Individual tax rates are locked for a...
- Inheritance Planning: The differences between US beneficiary & Indian nominee rightsIn the United States and in India, although inheritance laws apply equally to citizens and permanent residents in both countries, there are...
- US sent $1.4B in virus relief payments to dead peopleMore than 130 million so-called economic impact payments were sent to taxpayers as part of the USD 2.4 trillion coronavirus relief package ...
- Will Budget 2017 affect your income tax calculations?Income tax payers can expect some relief in the upcoming Budget in light of demonetisation and the digital push being given to the financia...
- Budget 2016: How FM Arun Jaitley has affected common man's spending & savings planUnion Budget 2016 is a bitter-sweet pill for the common man. While incentivising the aam aadmi to buy homes, FM Arun Jaitley has made cars ...
- What if inheritance is taxed?Though still a suggestion, the imposition of such a tax may change the way a person distributes assets among his heirs.
- I-T exemption limit raised to Rs 1 lakhThe government on Thursday raised the income tax exemption limit to Rs 1 lakh while imposing a two per cent education cess on taxable incom...
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