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GIFTING ASSETS
Estate planning: Why passing on wealth during your lifetime can be a smarter succession strategyGifting and charity, in cash and kind, during one’s lifetime offers the scope for creating shared experiences of celebration, travel, enter...
Listed fintech firms are widening revenue bets as core growth coolsIndia's fintechs are looking beyond their core businesses as growth normalises and investors seek more predictable revenue. Groww, Paytm, P...
IN-SPACe re-entry rules expose insurance crunchThe guidelines, issued by the Indian National Space Promotion and Authorisation Centre (IN-SPACe) on July 23, cover planned re-entry missio...
China draws 'red lines' around its economic model ahead of EU, US trade talksChina defends its economic policy favoring advanced industries over domestic consumption. This stance signals increasing confidence ahead o...
Confused about ITR forms? Here's how to pick the correct ITR for AY 2026-27Choosing the right Income Tax Return form for AY 2026-27 depends on income sources. ITR-1 now allows reporting income from two house proper...
International funds deliver stellar returns in 1 year, but subscriptions remain shut. Experts suggest alternativesInternational funds offered excellent returns over the past year, outperforming domestic options. However, fresh investments are currently ...
Quote of the day by Jim Rogers: "Never act upon wishful thinking. Act without checking the facts, and chances are that..." — Life lessons on critical thinking, financial wisdom, and why checking facts before following the crowd can shape a more successful life by the legendary American investor and bestselling authorQuote of the Day by Jim Rogers: Jim Rogers’ famous quote emphasizes the absolute necessity of rigorous research and cold, hard reality over...
The ultimate ITR checklist before you click ‘submit’Taxpayers must file income tax returns by the July 31 deadline to avoid penalties. Accuracy is paramount, and mismatches in the Annual Info...
Hold US stocks under LRS? Here’s why you may not be able to gift them to NRI childrenIndian residents cannot gift US shares purchased through the LRS route to their NRI children. The liberalised remittance scheme requires sa...
Standard Chartered sees exit of several top wealth executives in IndiaStandard Chartered India is witnessing a series of senior leadership exits as it reshapes its wealth business and moves away from mass-mark...
African proverb of the day: ‘If a snake does not show its venom, children will...’ - Life lessons on setting healthy boundaries when kindness is mistaken for weaknessAfrican proverb: The African proverb of the day highlights how failing to show strength invites mistreatment from others. When limits are n...
AI cameras spot suicide attempts in South Korea's capitalThe artificial intelligence-driven surveillance system alerts first responders if someone lingers in certain locations, enters an area deem...
No international mutual fund open for subscription now after Baroda BNP Paribas Aqua FoF halts fresh investments. What should investors do?Indian investors now have no options for new international mutual fund SIPs. The Baroda BNP Paribas Aqua Fund of Fund suspended new investm...
Are gifts given to NRIs by relatives taxable? Here's what you need to know about income tax and FEMA rulesNRIs receiving gifts from resident Indians face varying tax implications. Gifts from specified relatives are fully exempt from Indian incom...
India vs US: Where should US-based NRIs invest their money?US-based NRIs should align investments with future financial needs and currency. Future expenses should guide asset allocation decisions fo...
Punjab & Sind Bank hopes to surpass Rs 1,000 crore recovery target in FY27Punjab & Sind Bank anticipates exceeding its recovery target for the current fiscal year. The bank is actively reducing non-performing asse...
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...
ITR filing: How Bitcoin, NFTs, airdrops, gifted crypto, and overseas wallets are taxed in India and how to report themIndia's virtual digital asset taxation remains among the world's toughest. Investors face a flat thirty percent tax on gains and one percen...
NRI insurance: Benefits, risks, and features of GIFT City’s dollar-denominated insurance plansMany companies—including HDFC Life International, ICICI Prudential Life, ICICI Lombard, Star Union Dai-ichi Life, IndiaFirst Life and Tata-...
Foreign or local? Investors at loss over GIFT fundsInvestors are grappling with confusion when it comes to reporting GIFT City fund investments in their tax returns. Fund houses provide vary...