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INCOME TAX CLUBBING
Joint accounts, tax savings, wills: How couples can protect their wealthFinances are a cornerstone of marriage, shaping both relationships and futures. At the ET Wealth Expo 2026, specialists emphasized the nece...
Rs 21.6 lakh speculative trading loss in stock market triggers Income Tax notice for no tax audit; Trader wins case at ITAT CuttackMr. Kumar, a diligent stock trader, faced considerable financial setbacks but overlooked the necessity of a tax audit. In response to his f...
Washington's next chapter: A democratic socialist mayor and a looming Trump showdownJaneese Lewis George won the recent mayoral election and will take office on January 2. She will face significant challenges, including loc...
Donald Trump approval ratings crash in 39 states ahead of November 3 US Midterm elections, energy, gasoline prices add to worry. Can Social Security Cost of Living-Cola Payment save it for Republicans?Donald Trump approval ratings in some states were sliding to negative from the positive that is recorder earlier in 2026. Republicans are r...
Amazon founder Jeff Bezos bought three Miami mansions worth $234 million, know why he moved to the 'Billionaire Bunker' and what makes it exclusiveBezos bought the first two properties in 2023 for $68 million and $79 million, respectively. In 2024, he purchased a third waterfront mansi...
Salons double festive makeover prices as Navratri demand surges, costs riseSalons and services apps have increased their prices significantly due to a surge in demand for festive services. The rise in costs is attr...
My NRI status changed. Will interest earned on my NRE FDs be taxable in India?ET Wealth reader's query: I was an NRI until FY2024–25. After relocating to India, my residential status changed to ‘resident’ from FY2025–...
Buying property abroad for your NRI child? Know how much Indian parents can transfer and the tax implicationsNavigating overseas property purchases for NRI/OCI children can be complex for Indian parents, entangled in regulations like FEMA and RBI's...
Can you save tax by gifting money to your HUF? How Section 99 changes the tax equationMoney or property gifted by a member to an HUF may not be taxable in the HUF’s hands because of the “relative” exemption. But the tax conse...
NSE listing sees India's biggest exchange near bottom of Rs 10,000 crore IPO clubNSE made a muted debut with a 0.8% listing gain, placing it near the lower end of the Rs 10,000 crore-plus IPO club. Despite strong subscri...
Tee brews: Putting enthusiasts draw up blueprint for an 18-hole golf course in ArunachalTheir bigger objective is to put Arunachal on the international golf map, with golfers from Japan and South Korea flying in to experience a...
IRDAI's commission reset impact; ETSA winner Progcap’s next betHappy Friday! IRDAI's overhaul plan could significantly impact the new-age insurance distribution industry. This and more in today’s ETtech...
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...
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 ...
Rs 34 lakh F&O trading loss: Income Tax dept calls it speculative, ITAT Delhi treats Rs 25 lakh as business lossTaxpayer lost Rs 34 lakh in F&O trading but reports it as business loss; Income Tax dept treats it as speculative loss; ITAT Delhi treats R...
Will you pay lower income tax on mutual fund capital gains after retirement? Know 7 ways to reduce your tax burdenRetirement doesn't mean tax-free mutual fund income. Understand how capital gains, IDCW payouts, and SWPs are taxed. Discover strategies li...
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...
Gamer invested Rs 2.61 crore to play online rummy and poker games; loses net Rs 28 lakh, files ITR reporting Rs 4 lakh income; gets tax notice; he wins case in ITAT BangaloreGamer invested Rs 2.61 crore to play online Rummy, poker games; loses net Rs 28 lakh, stops playing, files ITR reporting Rs 4 lakh income; ...
Spouse's FD, shares or gold? You may still have to pay tax under clubbing rules
Income from asset transferred to even your daughter-in-law will be clubbed to your income and will be taxable in your hand in this case, says income tax deptIncome tax clubbing: The tax department has released a new brochure saying Section 64(1)(vi), 64(1)(viii) says Income from Assets transferr...