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GIFTING SHARES TO PARENTS TAX RULES
CBDT removes arrest-related provisions under Rule 225; valuers face tighter disclosure norms as registration deadline extendedIncome tax recovery no longer includes arrest or prison detention. Other recovery methods like property attachment remain available to auth...- Bengaluru-based founder criticises Whitefield traffic situation after daughter's school bus stuck for over 2 hours in Varthur-Gunjur, says it is a daily occurrenceBengaluru entrepreneur Ritish Reddy said his daughter was stuck in traffic for two hours on Varthur Road on September 17. The Zluri CEO sha...
- Can NRIs save income tax by gifting shares to their resident parents? Know these tax rules before transferring sharesWhile giving shares to your parents who reside in your home country might appear as a thoughtful gesture, it has substantial tax considerat...
- Social Security Update: Social security survivor benefits may soon see a major change; know why this new bipartisan bill matters for millions of AmericansSocial security update: A new bipartisan proposal in Congress could change the way families apply for Social Security survivor benefits, in...
- Taxman's JAARing move opens fresh debate over Mauritius treatyThe recent invocation of JAAR, a GAAR-type tool in the armoury of the taxman, in a certain case has stunned many. Even though technically t...
- EU chief to unveil social media, gaming curbs for under-15sEU chief Ursula von der Leyen will on Wednesday unveil long-awaited plans to protect children from online harm by curbing access to social ...
- HSBC, ICICI Bank emerge as biggest FX lenders to India’s diaspora in GIFT CityHSBC and ICICI Bank led lending under a special foreign-exchange swap program. These two banks disbursed a combined $19.3 billion through t...
- Student gets Rs 18.34 lakh stipend from university and pays no income tax; gets notice from Income Tax Department; she wins the case in ITAT Delhi for this reasonStudent gets Rs 18.34 lakh stipend from university for PG studies and pays no tax; Tax dept sent notice; She wins case in ITAT Delhi; Know ...
- Delhi High Court raps ITAT over Patanjali tax appeals; cites 'undue haste' and 'non-application of mind' in proceedingsThe Delhi High Court criticized the Income Tax Appellate Tribunal for its procedural lapses. The tribunal's actions in a Patanjali Ayurved ...
- Brother-in-law sold 26 bigha land using GPA for Rs 6.95 crore; didn't pay full share to sister-in-law; Delhi HC orders him to pay Rs 2.27 croreSister-in-law purchased 26 bighas of land in Najafgarh in 1985 and gave GPA to brother-in-law who in turn sold this land for Rs 6.95 crore ...
- 22-year-old girl gifts an iPhone 17 to her 19-year-old boyfriend but he doesn't want to keep itA 19 year old boy's reddit post about receiving an iphone 17 from his 22 year old girlfriend went viral, with the boy saying he felt overwh...
- GIFT City Unlocked: What investors need to know about accessing global marketsGIFT City is emerging as a gateway for Indian investors seeking global exposure, with new fund structures and financial products. The evolv...
- Rs 1.17 crore interest income of minor child: Father faces Rs 12.83 lakh penalty; ITAT Delhi cancels itSatbeer Singh Godara, judicial member and Amitabh Shukla, accountant member of ITAT Delhi, in a recent judgement ruled that a father can’t ...
- Psychology says people who take their kids for play dates aren't simply keeping them busy: What this behavior reveals?Psychology says people who take their kids for play dates aren't simply arranging time for children to play. Parents may use playdates to h...
- Quote of the Day by Anthony Quinn: “Thirteen, 13 children, and I… – Timeless life lessons from inspiring quote on parenting, fatherhood, family, sacrifice, responsibility, care and why a father is a child’s first heroQuote of the Day by Anthony Quinn: Anthony Quinn’s quote, “Thirteen, 13 children, and I love—I love them all. And I think I’ve been a good ...
- Earning Rs 2 lakh a month but scared to tell your parents about spending Rs 500 on ice cream? Financial advisor says you may have a ‘poverty mindset’. Why?Financial advisor Prem Soni says young Indians earning well may still carry their parents’ scarcity-driven money habits. He argues that hid...
- Indians can use crypto to buy groceries, fuel and gold through overseas gift-card platformsIndians can use cryptocurrencies to buy goods and services domestically through overseas fintech platforms that convert stablecoins and oth...
- Parents planned 5-month US stay, allowed only 2 months as father has job in India: NRI shares entry experience, seeks adviceAn NRI's parents faced reduced US stay despite a five-month return ticket. Immigration officers questioned their extended visit and job sta...
- Quote of the Day by Monica Bellucci: “The most important thing with children is to give them your… – Inspiring lessons on parenting, family, ,attention, expensive gifts and why you should make time for the people you love by the Italian actress known for her powerful performances and deep insights on motherhood and lifeQuote of the Day by Monica Bellucci: Monica Bellucci’s quote, “The most important thing with children is to give them your time. Actually, ...
- Can NRIs gift money to an HUF and save tax? Check these income clubbing and tax rules before transferring fundsNRIs have the opportunity to gift money to their Hindu Undivided Family (HUF) without incurring immediate tax obligations. However, it's im...
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