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BUDGET GIFT TAX
Husband trades through wife’s demat account, incurs Rs 1.95 crore loss; tax dept sends notice over clubbing of income, ITAT Lucknow grants him reliefA husband's attempt to offset substantial stock market losses against his income was initially rejected by tax authorities. Despite trading...
Two phones and an app: How Russians skirt Putin's digital iron curtainSince the Kremlin ratcheted up control over the internet this year, Russians have been turning to increasingly convoluted technical solutio...
International funds top return charts, but overseas investment limits persist. Should you continue SIPs or explore alternatives?International mutual funds are leading in returns, driven by global markets and currency gains. However, Indian investors face hurdles due ...
Parliamentary panel expresses concern over investments in cryptocurrenciesA parliamentary panel has expressed alarm over thousands of crores invested in virtual digital assets. The committee is studying global app...
Your monthly spend also decides how soon you can retire: Expense tracking apps, AI tools are changing how Indians investExpense-tracking apps, spreadsheets, Artificial Intelligence (AI) -generated analysis, and budgeting dashboards are not merely bookkeeping ...
Vijay sworn in as Tamil Nadu CM: Here's what TVK promised ahead of Assembly pollsTamil actor Vijay's party, Tamilaga Vettri Kazhagam, has taken charge as Tamil Nadu's new government. Vijay is now the Chief Minister. The ...
GIFT City investment edge for NRIs: Tax benefits and global investment access with new insurance opportunityNRIs now have a new investment avenue through GIFT City. This international financial hub provides access to global markets and tax-efficie...
Tax on destination wedding outside India: Will income tax apply on gifts in form of cash, property, gold jewellery? Know the rulesWhether it is cash, gold, car, or even a property, if gifted to the bride or the groom on their wedding, no tax would be levied on the gift...
Once an institution of warmth and wit, parties are now an embodiment of symbol over experienceA recent party at Gwalior's Jai Vilas Palace offered a glimpse of genuine connection, a stark contrast to years of superficial gatherings. ...
Union Budget: Gift City units get extended tax holidayIndia's GIFT City, a global financial hub, has received a significant fiscal boost with its tax holiday extended to 20 years. Entities will...
Budget 2026: India doubles tax holiday for GIFT City businesses to 20 yearsIndia's federal budget has significantly boosted GIFT City, doubling its tax holiday for new businesses to two decades. This move aims to a...
Gifts to daughter-in-law are tax-free, but parents-in-law pay tax on income; Why Budget 2026 should fix this anomalyGifts to daughters-in-law are tax-free, but income from these gifts is taxed to parents-in-law due to an outdated clubbing rule. This provi...
How Budget proposes to change the tax structure & rules for 'gifts'From April 1, 2024, the capital gains tax exemption for gifts under corporate restructuring will apply only to gifts by individuals or Hind...
When crypto assets received as gift are tax exempt in your handsAs per the Budget 2022 announcement, the gift of virtual digital assets is proposed to be taxed in the hands of a recipient. However, as pe...
Budget 2022: Government continues its campaign to promote GIFT IFSCBudget 2022 proposals continue to further incentivise business and investments in GIFT, taking it a step closer to becoming a destination t...
Budget announcement on tax incentives to give traction to IFSC: FM Nirmala SitharamanSitharaman in her 2021-22 Budget speech had said that the government is committed to make the International Financial Services Centre (IFSC...
Tax incentives will attract global players: GIFT City on BudgetThe slew of tax incentives announced for GIFT IFSC in the Union Budget "has once again reaffirmed the government of India's commitment to d...
Money gifts to NRIs are taxable from July 5, 2019, property gift tax rules unchangedWith the passing of Finance Bill 2019, NRIs will have to disclose such gifts received and pay tax on it as per the tax rules applicable.
PM Narendra Modi's GIFT just got a boost from Budget 2016The idea of GIFT first came to be known during the during the Vibrant Gujarat Summit of 2007, when Modi was still the state CM.
- Gifts worth over Rs 50,000 to attract tax now
The tax department has willy-nilly become a party-pooper bang in the middle of India’s month-long festive season, characterised by indulgen...