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LINEAL DESCENDANTS
Gifting assets to relatives? Types of assets you can gift, tax rules and moreGifting assets to relatives is a way to distribute wealth within the family and ensure financial security for loved ones. Here are some key...12 Aug, 2024, 06.30 AM IST- Over 8.75 lakh HUFs claimed Rs 3,803 crore tax deductions in 2022-23: Finance MinistryMinister of State for Finance Pankaj Chaudhary in a reply to the Rajya Sabha provided details of the number of Hindu Undivided Families (HU...25 Jul, 2023, 06.36 PM IST
- Money & relationships: What are the tax implications if my daughter sends me money from abroad?Is it legally tenable to send parents money from a foreign country? More importantly, will you or they have to bear any kind of financial b...29 Nov, 2021, 10.27 AM IST
- Legal heirs of a woman if she dies without willIn most cases, a will ensures that the assets are transferred to the desired beneficiaries, which may not happen if a person dies intestate...29 Jul, 2021, 07.42 PM IST
- Sebi grants exemption to family trust linked to Bharat Forge promoter from open offer obligationThe move comes after the applicant -- Babasaheb Kalyani Family Trust -- sought exemption from applicability of SAST (Substantial Acquisitio...02 Sep, 2020, 11.09 PM IST
- Sebi exempts Motilal Oswal Family Trust from open offer requirementOswal proposes to gift all the equity shares held by him in PIMPL to Motilal Oswal Family Trust.11 Feb, 2020, 05.53 PM IST
- Lessons from Murugappa: What are your inheritance rights as a woman?Succession and inheritance laws are still grey areas for many women, largely due to the lack of uniformity.04 Jan, 2020, 10.01 PM IST
- My brother died intestate. Does his wife get a share in the property?If the husband has left behind both a widow and lineal descendants, the wife will get one-third the share in his estate while two-thirds wi...30 Dec, 2019, 12.01 PM IST
- Succession Act 'unfair' to Christian women, amend it: Law CommissionThe recommendations come against the backdrop of a number of representations from various Christian organisations inviting govt's attention.12 Dec, 2014, 05.44 PM IST
- Smart things to know about tax treatment for giftsA gift is a voluntary transfer of an asset’s ownership to an individual without full monetary consideration. Are gifts taxable?07 Jan, 2013, 08.25 AM IST
- Tough callsAs Gurcharan Das writes in his Difficulty of Being Good, the epic's question- why Dharma is not pursued- is a rhetorical one... (from) our ...30 May, 2012, 02.18 AM IST
- Bill for stricter control over benami transactionsA comprehensive bill to have stricter control over benami transactions was introduced in the Lok Sabha today.18 Aug, 2011, 01.47 PM IST
- New Benami law to allow property in spouse, siblings' nameThe Cabinet approved a proposal to bring Benami Transactions (Prohibition) Bill 2011, replacing Benami Transactions (Prohibition) Act, 1988...21 Jul, 2011, 05.51 PM IST
- Banks asked to close 15-yr old PPF a/c of HUFsThe HUFs henceforth will not be allowed keep their accounts functional for the extended period of five years after completion of 15 years.29 Dec, 2010, 10.31 PM IST
- Gift you must, but know the tax implications too11 Feb, 2010, 03.21 AM IST
- Gifts worth over Rs 50,000 to attract tax nowThe tax department has willy-nilly become a party-pooper bang in the middle of India’s month-long festive season, characterised by indulgen...01 Oct, 2009, 04.09 AM IST
- I-T exemption limit raised to Rs 1 lakhThe government on Thursday raised the income tax exemption limit to Rs 1 lakh while imposing a two per cent education cess on taxable incom...08 Jul, 2004, 02.32 PM IST
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