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TAXATION OF INHERITED ASSETS
ETMarkets Smart Talk | Why some NRIs pay zero tax on mutual fund gains in India: Sreepriya NS of Entrust Family Office explainsNRIs are increasingly viewing India as a prime long-term investment hub, attracted by its growth potential and tax efficiencies under certa...
NRI Talk| Equities at 45%, gold at 10-12%: Shiv Gupta of Sanctum Wealth's ideal India portfolio for NRIsDespite recent flat equity returns and rupee depreciation, India's long-term growth story remains robust, according to Sanctum Wealth's Shi...
New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...
PMS vs mutual funds: 5 reasons to invest, and 5 red flags to watchPortfolio Management Services (PMS) offer structural advantages over mutual funds, allowing for concentrated portfolios, significant cash h...
Want to exchange old gold for new jewellery? Beware of these taxesIndians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-valu...
Planning early retirement at 50 with a Rs 12.5 crore corpus? Expert explains how to generate Rs 2 lakh monthly incomeAn investor planning early retirement at 50 with a Rs 12.5 crore corpus seeks expert advice on generating Rs 2 lakh monthly income. The exp...
How gold ETFs, tax changes, and recycling incentives can reduce India’s dependence on gold importsOne of the objectives of the gold ETF was not merely financial innovation but to reduce, or at least postpone, the import of physical gold....
Quote of the day by Thomas Piketty: “Refusing to deal with numbers rarely serves the interests of the...” Lesson on money, rising inequality, and why numbers reveal the truth — The modern Marx and writer of Capital in the Twenty-First Century, explains why ignoring economic reality hurts ordinary people the mostQuote of the day: Thomas Piketty warns that ignoring economic data often harms poor and middle-class families the most. In today’s world of...
Failed to report US stocks gained via ESOP? Use this one-time Amnesty scheme; Know how it worksA one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...
I am an OCI cardholder, will I need to pay tax on inherited assets in India?I am a German citizen, and have an OCI card. How will inheritance of assets located in India be taxed for me? Is the inheritance itself tax...
Inherited property, money or investments? 7-point tax checklist every heir must go throughInheriting property, cash, or investments brings financial relief but it also comes with tax obligations that most heirs aren’t ready for. ...
Inherited property, money or investments? Six tax questions every heir needs answers forNavigating taxes after inheriting assets can be complex. Legal heirs can file the deceased's tax returns and receive refunds, but their lia...
Madras HC ruling recognising cryptocurrency as property: What does it mean for investors?Crypto holders may have recourse to property law remedies such as injunctions, trusts, claims for misappropriation, rather than purely cont...
Do you need to pay tax on inherited gold jewellery? CAs explain when you mayIn India, inheriting gold jewellery is tax-free, but selling it incurs capital gains tax on the earnings. The tax is determined based on th...
8 ways to transfer your assets to legal heirs, how much to leave as inheritanceFind out the best ways to transfer your wealth to heirs and what it entails for inheritors.
Do I need to pay tax on my inheritance?Find out if you incur any tax liability for the movable and immovable property that has been left to you by relatives.
6 ways senior citizens can simplify assets for their legal heirsReverse mortgage is a last-ditch choice and not a default option. It is a loan in a different garb and senior citizens with nothing but a s...
Should India reintroduce inheritance tax? Here are 4 expert viewsKnown as the estate tax, it is levied on the value of assets passed on to legal heirs through inheritance. Here is what four experts have t...
Inheritance tax on HNIs likely to be reintroducedIn most countries, the gift tax exemptions limits are clubbed with inheritance tax exemption limits and the same would be applicable here.
ET in the classroom: Inheriting a taxing fortuneFear is coursing through the corridors of the wealthy that the govt could reintroduce inheritance tax in the Union Budget of 2013-14.