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US INHERITANCE LEVY
Is tax-exempt income in India also exempt in the US for NRI?ET Wealth Reader's Query: If an income is tax-exempt in India, is it also exempt in the US for an NRI? For instance, interest on NRE accoun...- 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 inherited property in India. What documents do I need to sell it and repatriate the money in UK?ET Wealth Reader's Query: I have been living in the UK with my family for the past 50 years and all of us have OCI cards. Which documents d...
- I am an NRI based in Canada. How can my parents in India transfer property and financial assets to me?I am an NRI based in Canada and expect to inherit property and financial assets from my parents in India. What should I do to avoid tax com...
- Tax parity for IFSC funds to help HNIs avoid US inheritance levyWealthy Indians can use GIFT City to avoid US inheritance tax on offshore investments. IFSCA is seeking tax parity for funds in GIFT City t...
- BJP opposes inheritance tax because of Adani, Ambani, says Advocate Prashant BhushanAdvocate Prashant Bhushan has voiced his support for the inheritance tax, urging the Congress party to embrace Sam Pitroda's stance on the ...
- "India's culture and tradition are not of America": Shivraj Chouhan on Sam Pitroda's remarksShivraj Singh Chouhan condemns Sam Pitroda's comparison of India with America on inheritance tax, criticizes Congress for proposed policies...
- View: Curbing the natural instinct of our entrepreneurs to create generational wealth is not a solutionOne of the arguments advanced for the levy of inheritance tax is that countries like the US do so. Without getting into intricacies of the ...
- 'Modi's steadfast adherence to lies': Congress slams PM Modi over his inheritance tax barbThe Congress refuted Prime Minister Narendra Modi's claims that former PM Rajiv Gandhi abolished inheritance tax to safeguard his family's ...
- Sam Pitroda inheritance tax debate: What is inheritance tax in IndiaWhat is inheritance tax: When someone passes away, it's important to understand that there are two types of taxes that may apply - estate a...
- Why an inheritance tax can be an eminently bad ideaEver since inheritance tax was abolished in 1985, it keeps hitting the news from time to time. Many times it is speculated before the prese...
- Don't resurrect death taxInheritance tax is a tax levied on the value of the deceased's assets paid by their heir(s). Herein lies the fundamental injustice of such ...
- 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.
- 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...
- Tax-savvy American NRIs use family trusts to insulate Indian assetsIn the past few years, some Indian families have sent at least one of their heirs to either the US or Europe with the objective of saving t...
- In their effort to escape tax net, Indian business promoters are leaving no stone unturnedBusinesses are rejigging family trusts and structures are being created to minimise the risk of getting taxed in India, US and Europe.
- Budget 2013: Inheritance tax should be tweaked to make super-rich payGiven the present state of the Indian economy, we may not really require a new income-tax rate for the super rich taxpayers.
- CAs inherit quick wealth as the affluent fear Estate DutyEstate duty is known in many countries as the 'death tax'. In US, estate tax is imposed on the transfer of 'taxable estate' of a deceased p...
- India-US tax impact on gifts received by Indian AmericansAny gifts in excess of Rs 50,000 received by an individual, including NRIs, will be taxed in the hands of the receiver.
- What Indian Americans should do when they inherit property in IndiaIndia does not tax inheritances at the time when such inheritance is received. Tax is levied only on the income generated by the receiver.
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