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ANCESTRAL JEWELLERY
Rs 85.3 lakh cash gifts from relatives deposited in bank trigger unexplained deposit income tax notice; taxpayer contests and wins case in ITAT ChennaiMr Amirtharaj from Thygarayanagar, got Rs 85.03 lakh cash gifts from his sister’s husband, uncle and other relatives, he deposited this cas...- Son sells ancestral land for Rs 8 crore, buys 2 more properties; gets income tax notice but wins at ITAT Chandigarh: Know whyA family from Panchkula owned some ancestral land in a village. A member of this family sold his share of the the said land for Rs 8 crore ...
- 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 ...
- Grandmother gifted 2.5-acre land to son’s second wife, who sold it; granddaughter challenges sale claiming it to be ancestral land, but loses case in the High Court for this reasonGranddaughter lost 2.5 acre of land as her grandmother had gifted it to her step-mother who sold it; Madras HC rejects granddaughter’s ance...
- Can We Buy Gold In Pitru Paksha 2026? Should You Buy Jewellery During Shraddh Or Wait Until It Ends?Can you buy gold during Pitru Paksha 2026? Many families traditionally avoid gold jewellery and other celebratory purchases during Shraddh,...
- Parents win back their flat gifted to son as tribunal finds son failed to take care of parents; Bombay HC orders son to vacate the propertySon promised to care for elderly parents after receiving their Mumbai flat as gift; however, he failed to do so; Bombay High Court cancels ...
- Tax dept seized wife’s Rs 1.65 crore worth of gold and silver jewellery, issued notice for unexplained investment, husband filed case; wins in ITAT BengaluruThe Income Tax Department seized Rs 1.65 crore worth of gold and silver jewellery from Suresh's residence. The department claimed it was un...
- Gold trade bodies call for flexibility in monetisation schemeGold trade bodies have suggested the government make the Gold Monetisation Scheme (GMS) more attractive in the upcoming budget by offering ...
- Do kids have legal right to property of father who divorces and remarries?As per the Hindu Succession Act, 2005, every child is a Class I legal heir and has a right by birth to the property of their biological fat...
- I am legally separated from my husband. Do I have right to wedding jewellery and gifts received as streedhan?Readers estate planning queries answered.
- Union Minister Nityanand Rai owns movable, immovable assets worth Rs 15.45 crore: AffidavitUnion Minister Nityanand Rai, seeking re-election from Ujiarpur Lok Sabha seat in Bihar, declared movable and immovable assets totaling Rs ...
- Divya Agarwal breaks silence after netizens called her 'Gold Digger', returns Varun Sood's family JewelleryDivya Agarwal has slammed trolls after her ex-boyfriend Varun Sood's sister accused her of failing to return their ancestral jewellery.
- Does streedhan include gifts, expensive appliances? What is husband's right over streedhan?Streedhan includes all types of gifts, ornaments, cash, movable or immovable property that a woman receives from friends or family before a...
- Punjab polls: Amarinder Singh's assets worth Rs 63.73 croreAccording to his affidavit, Singh owns moveable assets worth Rs 10.42 crore. He owns immovable assets worth 58.31 crore. The 79-year-old sc...
- When is a daughter legal heir of her parent's assets and when she is not?The Supreme Court in its judgement gave equal rights to daughters as sons. Would it mean that under no circumstances can a daughter be deni...
- Tamil Nadu: Depositors suffer as Nathella Jewellers shuts branchesNathella's gold saving schemes collect monthly deposits with the promise of jewellery that can be purchased with the proceeds once the inst...
- Yellow metal no longer red hot for visiting non-residentsJewellers said purchases by NRIs have fallen 30-40% after the government said jewellery or ornaments bought with explained sources of incom...
- Are ancestral jewellery, property gifts taxable?ET tries to answer this week's tax-related queries with the help of Dilip Lakhani, Senior Chartered Accountant.
- Big B pays tribute to Rabindranath Tagore on 155th birth anniversaryAt the launch a jewellery showroom Big B recalled that he had sung the national athem 'Jana Gana Mana' written by Tagore in his ancestral h...
- CJI has no shares or fixed deposits, only land holdingsDetails about assets and liabilities of judges were put on official website.
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