United Airlines CEO Scott Kirby calls for inheritance taxes near 100% and a national wealth tax. What he wants the US to change and why it mattersScott Kirby, the CEO of United Airlines, has called for a nationwide wealth tax and higher inheritance taxes. He argues that wealth inequal...
I have LTCG tax liability of Rs 16 lakh from land sale; should I pay income tax or reinvest to save?ET Wealth Reader's Query: I am 57. I recently sold a piece of land near Jewar airport, resulting in a long-term capital gains (LTCG) tax li...
Rs 24 crore cash sales in Form 26AS, Rs 4-crore tax demand: How a five-star hotel cook won his case in Delhi High CourtMr. Lalit, a cook at Hotel Ashoka, received a surprising income tax notice claiming Rs 4 crore. This notice cited Rs 24 crore in cash sales...
Want to become a financial adviser? Best financial planning courses and institutes in India explainedThe career change of Sumit Aggarwal to a mutual fund distributor illustrates a notable trend within the financial advisory realm in India. ...
1 Finance gets in-principle approval for India’s first MF Lite AMC licence1 Finance has received SEBI’s in-principle approval to establish India’s first MF Lite asset management company, targeting a Q4 FY27 launch...
Wealth creation lessons from Charlie Munger: His ‘get rich slow’ system is a golden formula to achieve financial freedomCharlie Munger believed that building wealth takes time, patience and disciplined financial decisions. His ‘get rich slow’ philosophy warne...
ET Alpha Wealth Summit 2.0 | Why alternatives are becoming essential for wealth creation beyond stocks and bonds, says Rahul JainNuvama Wealth Management’s Rahul Jain says alternative investments can diversify portfolios through private markets, AIFs, private credit, ...
Rs 3.41 crore in FCNR deposits tagged as unexplained money despite being held by Dubai-based individual; ITAT Jaipur grants full reliefMrs. Khanwani, a Dubai resident, faced tax notices for unexplained money linked to her FCNR deposits. The ITAT Jaipur ruled in her favor, h...
Donald Trump raised stakes in drug companies gaining from medicare exemptions, say DemocratsInvestments in pharmaceutical companies on behalf of Donald Trump saw a significant increase after returning to the White House. His portfo...
Retired employee received income tax notice for Rs 9.04 lakh leave encashment; she wins case in ITAT Jaipur, know how leave encashment is taxedRetired employee sent income tax notice for Rs 9.04 lakh leave encashment, she wins case in ITAT Jaipur; Know how leave encashment is taxed...
Rs 3.99 lakh penalty for under-reporting income and paying Rs 2 lakh less in income tax; ITAT Jaipur cancels penalty, know whyA man from Sikar faced a penalty of Rs 3.99 lakh for under-reporting his income. The Income Tax Department initiated penalty proceedings af...
Best aggressive hybrid mutual funds to invest in October 2026As per Sebi norms, these schemes must invest 65-80% in stocks, and 20-35% in debt. This mixed portfolio helps to deal with the market volat...
Global Market: China's wealthy rush to unwind offshore trusts as tax deadline loomsChina’s wealthy individuals are restructuring offshore trusts, selling investments and reassessing residency amid a new 20% tax on overseas...
In 1969, J. David Bamberger bought 3,000 acres of damaged Texas ranchland; 50 years later, 11 springs flowed and 221 bird species thrived thereBamberger wanted to do something different with his massive wealth. He made his fortune as a co-founder of Church's Fried Chicken reportedl...
- Janitor richer than CEO! Employee's post on how the cleaner ended up with nearly Rs 7 crore wealth double of their boss stuns internet
A story shared on X contrasts a high-earning executive's reported debts with a cleaner's decades-long approach to saving and investing. The...
6 stages of wealth: The framework behind the ET Wealth expo agendaThe ET Wealth Expo 2026 introduces a comprehensive six-stage framework for optimal wealth creation and management. It covers vital areas li...
Rs 67 lakh ancestral jewellery declaration in ITR triggers income tax notice of unexplained credit: Here's why lady won at ITAT MumbaiWife filed Schedule AL in ITR for first time and got hit with unexplained credit income tax notice for ancestral family jewellery worth Rs ...