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GIFTED SHARES IN ITR
Son becomes NRI, gifts shares worth Rs 30 lakh to father; should this be disclosed in ITR? What taxpayers must do to avoid tax noticesNRI son gifted Rs 30 lakh shares to his father through an off-market transfer. Should it be reported in ITR? Although a genuine gift of sha...- New tax regime: Save up to Rs 65,500 in tax through your employer's NPS contribution; here's how to claim itSection 80CCD(2) provides a tax deduction for employer contributions to NPS. This benefit remains available under the new tax regime for sa...
- How to select the right ITR form based on your income for AY 2026-2027Choosing the right income tax return form for AY 2026-27 depends on income sources. Individuals can now report two house properties using I...
- Income tax return: How to report capital gains correctly to avoid ITR filing mistakesAll disclosure of capital gains must be filed in Schedule CG. This schedule houses separate sections for different types of gains. For accu...
- Income tax on gifts: Received cash, property or shares? You may have to pay tax and report it in your ITR in these casesGifts from specified relatives are fully exempt from income tax. Non-relative gifts exceeding certain values become taxable under specific ...
- Did you claim a minimum Rs 10,000 income tax refund for your car bought in FY26? Here's how to claim your 1% TCS nowAccording to the income tax rules, car dealers are required to deduct 1% TCS if the ex-showroom value of the car exceeds Rs 10 lakh. Howeve...
- 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...
- Foreign investments in your portfolio? Follow this ITR checklist to avoid tax scrutinyResident and Ordinarily Resident (ROR) taxpayers with foreign assets or income must carefully disclose overseas investments, dividends and ...
- Husband has to pay income tax on wife’s earnings from FD, gold, shares under clubbing of income in these casesITR filing: Transferring investments to your spouse to save taxes is a common misconception. The Income Tax Department scrutinises fund sou...
- US Stocks: GIFT City or traditional broker? Before you start overseas investing, know which route saves you more in taxes, costs, and hassleIndians now have easier access to global markets through direct overseas investing or GIFT City. Direct investing offers wider choices and ...
- Tax-free income in India: 8 types of income you don’t need to pay any tax onTax-free income: Unlock tax savings with these eight income sources exempt from income tax in India. From agricultural earnings and provide...
- 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...
- Before you gift shares, know who pays tax, who is exempt and key ITR rules
- Last 2 days left for ITR filing; Step-by-step guide on how to file ITR 1, 2 for free on e-filing ITR portalWith the ITR filing deadline approaching on September 15, 2025, individuals need to file their income tax returns promptly to avoid late fe...
- My wife bought a flat with money that I transferred to her, how should we show it in our ITR?I’ve purchased a flat in my wife’s name, and all payments to the developer are being made from her bank account. The money was transferred ...
- How to file ITR-2 online with salary, capital gains and other incomes for FY 2023-24 (AY 2024-25)?ITR-2 can be filed using the Excel or Java utilities provided by the income tax department, or online directly through the e-filing portal....
- How to file ITR-2 online with salary, capital gains and other incomes for FY 2022-23Read below to find out how income tax return form ITR-2 can be filed online for people with salary, capital gains and other income for FY 2...
- Gifts have to be declared in ITR: Here's how they are taxedThe Finance Act 2004 introduced section 56(2)(v) for taxing gifts in the hands of the recipient.
- ITR filing: How to report income from investmentsNearly all taxpayers have income from other sources but few declare. Find out how to report such incomes.
- How to fill 'Income from other sources' in ITR1Income from other sources includes all the residual income that cannot be placed in other heads of income. This story will tell you how to ...
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