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US INHERITANCE TAX
US death tax trap: Uncle Sam's wealth puzzle leaves rich Indians worried for their kidsRich Indian families are racing to shield booming US stock portfolios from America’s 40% inheritance tax, but face complex FEMA and LRS hur...
Do I need to convert my leasehold DDA flat to freehold to sell it?ET Wealth Reader's Query: I have a DDA flat since 2008, which is leasehold. I now want to sell it. Is it mandatory to convert it to freehol...
Have assets in the USA or UK? Why an Indian Will alone may not protect your heirsIndian families with assets in the USA and UK need robust succession plans. A single Indian Will may not suffice for overseas properties. E...
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...
Taxes and Trump leave UK in a worse state than Starmer found itBritain's Prime Minister Keir Starmer faces a tough economic climate. Inflation is rising, and living standards are not improving. Economic...
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...
Iran war, fading tax boost may slow India’s growth to 6.7% in FY27: BMIIndia's economic growth is set to slow in the upcoming fiscal year. This slowdown is attributed to the diminishing impact of recent tax cut...
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...
You are a US citizen and inherited property in India; here's what you have to do next
Home equity often ignored in retirement planning, but it could boost income and savingsMany retirees have most of their wealth in their homes. Experts say this housing value is often ignored in retirement planning. Using home ...
I invest Rs 60,000 monthly via SIPs. Should I add a multi-asset or balanced advantage fund to reduce volatility?I am 42, earning Rs 28 lakh annually. I invest Rs 60,000 per month through SIPs in a mix of large cap (40%), flexi-cap (30%) and mid-cap (3...
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...
Does Zerodha founder support inheritance tax? India's youngest billionaire's old video goes viralCongress leader Sam Pitroda's comments on inheritance tax has sparked a debate. Much before the current round of controversy, Nikhil Kamath...
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...
Congress has no plan whatsoever to introduce inheritance tax: Jairam RameshAmid controversy surrounding Sam Pitroda's remarks on inheritance tax, the Congress clarified that it has no plans to introduce such a tax,...
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.
NRIs guide to deal with inherited propertyBuying a property in India is a decision that most NRIs can take after weighing the pros and cons of various tax implications.