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INHERITED PROPERTY
Selling inherited property? Know who is liable to pay income tax on capital gains and how heirs can claim tax reliefSelling inherited property? Know who among the brothers and sisters are liable to pay capital gains tax on it and how to claim tax relief.- Missed reporting of overseas bank accounts, ESOPs, and foreign assets in Schedule FA of ITR? FAST-DS offers a chance to come cleanThere is an important caveat: the Black Money Act provides relief from Schedule FA penalty for certain foreign assets, other than immovable...
- Divorce dispute turns into legal battle: The financial costs a husband may faceThe aftermath of matrimonial disputes often lingers long after a marriage has ended, imposing hefty financial and legal challenges on men. ...
- Chennai couple got laid off from job. They have Rs 1.7 cr, no home loan and Rs 9 lakh annual expenses. But there’s one big riskA Chennai couple was laid off after building a Rs 1.7 crore financial corpus and paying off their home. According to Gurgaon-based financia...
- In their 60s, they found love. What they kept separate was their moneyOlder Indians are forming new relationships and seeking companionship in later life. These couples often prioritize financial independence ...
- ‘I bought 2 houses at 24, but my kids might never buy one’: Founder says people need to move beyond 9 to 5 for building wealth that can beat inflationEntrepreneur Riya Upreti has argued that rising property prices and uneven salary growth are making traditional wealth-building increasingl...
- Should I make my foreign national son a co-owner of my properties for inheritance?ET Wealth Reader's Query: I’m a single parent and my only son is now a foreign national. I want to safeguard his interests and am wondering...
- At 86, a Pennsylvania farmer turned down more than $15 million from data-center developers and accepted $1.9 million instead, sending his land down a very different path: keeping the farm alive rather than turning it into a server campusAn 86-year-old farmer turned down a staggering $15 million for his Pennsylvania farms, choosing instead to accept $1.9 million via a conser...
- Could black holes give birth to new universes? This controversial theory is gaining fresh attentionCosmological evolution suggests universes reproduce through black holes, a fringe idea gaining attention. Recent James Webb Space Telescope...
- Man constructs a house before selling his old property and claims income tax exemption under Section 54; Income Tax Department sends notice; he wins case in ITAT DelhiConstructs house for Rs 47 lakh in Tilak Nagar, sells old property in Paschim Viharfor Rs 53 lakh, pays no tax, tax dept sent notice, man w...
- Succession Planning: 8 key tax considerations you should take into accountSuccession planning involves connected legal and tax events, not just death. Income earned before death must be reported by the deceased's ...
- Birth certificate for NRIs: Why this document matters more than everIndia's birth certificate has become an indispensable document for its citizens. Recent regulations stipulate that birth registrations are ...
- Inherited mother's land, converted it into business stock, and invested over Rs 5 crore in a new home; ITAT Surat grants Section 54F tax exemption relying on a 1983 CBDT circular; Know whySon inherited 50% of mother’s land and took it in his real estate business as business stock; brought an even larger plot for Rs 2 crore cl...
- Ryanair co-founder’s 951-acre estate with 7-bed mansion, 268 horse stalls listed for $57.5 millionRyanair co-founder Tony Ryan's family is selling Castleton Farm for $57.5 million. This historic 951-acre estate in Kentucky dates back to ...
- Pirojsha Godrej: The fourth-generation scion taking the reins at century-old Godrej IndustriesPirojsha Godrej, the youngest of Adi Godrej’s three children, has taken a winding path from politics to property and now the Godrej Industr...
- Astrology Houses Explained: What Each of the 12 Houses Reveals About Your LifeIn the realm of astrology, the houses serve as distinct zones where planetary influences unfold. The 1st house is a mirror of self-identity...
- NRI estate planning: The 8 steps that decide whether your family inherits peace or a legal nightmare
- Employee earns almost Rs 1 lakh per month, yet reveals they have financial trauma: 'We will literally lose our home...'A Reddit user revealed in an emotional post that even after they and their family achieved a semblance of financial stability, they are sti...
- NRI selling property in India: Should sale proceeds go to an NRE or NRO account? Know repatriation limits and RBI rulesAre you an NRI looking to sell your property in India after relocating abroad? It's essential to understand the process of repatriating you...
- After my death, can my wife transfer our 2BHK to our son via gift deed without an NOC from our daughter?ET Wealth Reader's Query: I own a 2-BHK flat and my wife is a joint owner. We have two children, who are settled abroad. After my death, th...
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