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VALUE OF GIFTS AND TAX IMPLICATIONS
Online gaming firms move Supreme Court to review 28% GST verdictOnline gaming firms have asked the Supreme Court to review its recent judgment. This judgment upheld the 28% Goods and Services Tax on the ...14 Jul, 2026, 03.35 PM IST- ETMarkets Smart Talk | Equity, mutual funds, bonds or property: Tax rules every NRI should know: Ritu ShaktawatNRIs investing in India must understand tax rules and residential status. Double Taxation Avoidance Agreements offer beneficial tax treatme...14 Jul, 2026, 09.00 AM IST
- US judge declares Trump's tax deal 'improper', leaving future financial implications unclearA US judge on Monday voided a settlement between Donald Trump and the Internal Revenue Service giving the president and his allies sweeping...13 Jul, 2026, 11.40 PM IST
- Best Mexican proverb of the day: "Don't look a gift horse in the mouth." A timeless lesson on gratitude and appreciationBest Mexican Proverb of the Day: The Mexican proverb "Don't Look a Gift Horse in the Mouth" teaches gratitude. It encourages accepting gift...13 Jul, 2026, 01.43 PM IST
- Presumptive taxation: Rebate to losses & deductions, what is the practical impact of changes under Income Tax Act, 2025Under the old Income Tax Act, 1961, the regime operated under three separate provisions. The new Income Tax Act, 2025 consolidates them int...13 Jul, 2026, 11.29 AM IST
- ETMarkets Smart Talk | Selling property in India? Here's how NRIs can avoid excess TDS: Trilegal's Himanshu SinhaNRIs face complex tax rules when selling Indian property, often leading to excess tax deductions. Obtaining a Lower TDS certificate can pre...13 Jul, 2026, 09.00 AM IST
- Psychology says people who save gift wrappers aren't cheap, they may see potential that others overlookPsychology suggests that people who save gift wrappers aren't trying to be cheap or save money. Sometimes what looks like saving paper is r...10 Jul, 2026, 07.41 PM IST
- Govt eases shipping rules for GIFT City to spur maritime leasing, financeGIFT City IFSC units are now exempt from a specific shipping license. This exemption aims to boost India's maritime leasing and financing e...10 Jul, 2026, 07.10 PM IST
- Same-sex couple challenges Income Tax provision that exempts gifts only between spousesThe Karnataka High Court has requested a response from the Union government concerning a petition that challenges a tax exemption clause. T...10 Jul, 2026, 12.39 PM IST
- Govt allows GIFT City units to lease foreign vessels without need for DGMA permissionThe shipping ministry has granted exemptions for GIFT City entities. These entities can now lease foreign vessels without DGMA permission. ...09 Jul, 2026, 10.37 PM IST
- Demerger may not be tax-neutral if holding company issues shares: Mumbai ITATMumbai ITAT ruled demerger share issuance by holding company invalidates loss carry-forward. A subsidiary receiving business must issue sha...09 Jul, 2026, 01.04 PM IST
- Opting for presumptive taxation while filing ITR? You may have to face tax audit; here's what you must knowThe Income-tax Act, 2025 introduces a new audit trigger for businesses. This change clarifies audit requirements for low-profit businesses ...08 Jul, 2026, 12.39 PM IST
- Gifted a house to your spouse? You may still have to pay tax on the rental income: Know 7 key things before filing ITR for AY 2026-27Many taxpayers mistakenly believe that rental income from a house gifted to a spouse is taxable in the recipient spouse's hands. This artic...08 Jul, 2026, 12.08 PM IST
- ITR utility updated: New 'other income' column added under exempt income schedule; here's what it meansIncome Tax Return (ITR) filing for the assessment year 2026-2027 sees a significant update with a new 'Other Income' column under the Exemp...06 Jul, 2026, 05.36 PM IST
- Financial independence for children: How families in the US and India split the bills when adult children stay homeIn the United States, those graduating in the 21st century especially have been seeking to return to the homes of their boomer parents. In ...06 Jul, 2026, 12.00 PM IST
- Psychology says people who carefully open a gift and keep the wrapper for future use aren't always just trying to save money: What this habit may reveal?Psychology says people who carefully open a gift and keep the wrapper for future use aren't simply trying to save paper. Psychology links t...06 Jul, 2026, 03.51 AM IST
- Govt scraps TDS on GIFT City aircraft lease rentalsAirlines are now exempt from deducting tax at source on lease rentals paid to eligible aircraft leasing companies in GIFT City. This move a...05 Jul, 2026, 06.48 AM IST
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