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MARRIAGE TAX PENALTY
On This Day in History, June 26: UN Charter signed, Indira Gandhi declares Emergency, Harry Potter debuts, Corvette day, Sher Shah Suri wins against Mughals and moreOn This Day in History, June 26 saw the signing of the United Nations Charter, Richard III's rise to the English throne, India's declaratio...- Tax on destination wedding outside India: Will income tax apply on gifts in form of cash, property, gold jewellery? Know the rulesWhether it is cash, gold, car, or even a property, if gifted to the bride or the groom on their wedding, no tax would be levied on the gift...
- May 2026 SSI payment schedule: Will millions get benefits on May 1, and how much will they receive?Millions of Americans will receive May 2026 SSI payment schedule USA updates starting May 1, 2026, with confirmed federal timing bringing e...
- The ‘Marriage Penalty’ is back: These American states hit couples with a hidden taxThe marriage tax penalty happens when married couples pay higher state income taxes filing jointly than they would as two single filers. Al...
- Many Americans make this costly 401(k) and IRA mistake — don’t leave a mess for your familyMany Americans risk sending their 401(k) and IRA savings to the wrong heirs. Outdated beneficiary forms override wills and can create tax p...
- If you don’t make these 8 disclosures, your ITR may be treated as defectiveFiling income tax returns (ITR) requires careful attention to detail, as certain omissions can lead to a defective ITR. Key disclosures inc...
- ITR filing after deadline: What is condonation of delay request? How it can save you from penaltiesThe Income Tax Department has enabled condonation of delay applications for Form 10A filings, offering relief to taxpayers who missed deadl...
- Select black money holders to get relief: Income tax dept. to not not apply penalty and prosecution in these situationsThe Income Tax Department offers relief regarding unintentional black money. Individuals failing to disclose foreign assets up to Rs 20 lak...
- What really happens to your social security check after your spouse dies — here's the shocking truthSocial Security survivor benefits are one of the most misunderstood parts of retirement planning, yet they can decide how financially stabl...
- No matter what sex, a couple is a coupleDespite the decriminalization of same-sex relations in 2018, LGBTQI couples in India still face financial and legal discrimination. The Bom...
- Gift tax bias against same-sex couples lands in High CourtA same-sex couple has challenged a discriminatory tax law in Bombay High Court. The couple argues that the law unfairly taxes gifts between...
- Should you stop investing in PPF, SSY, NPS when switching to the new tax regime?For investors who primarily invested in Section 80C instruments to avail tax benefits, the shift to the new tax regime presents an importan...
- When is a cash gift from NRI relatives taxable for resident Indians?The Income Tax Act of 1961 (IT Act) determines whether gifts received by Non-Resident Indians (NRIs) are taxable and is administered by the...
- Penalty for not depositing money in PPF, Sukanya Samriddhi Yojana by March 31 every FYA look at the minimum money that individual must deposit in Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) and National Pensio...
- Sukanya Samriddhi Yojana interest rate hiked for Jan-March quarter; check latest SSY rateThis program will help parents to fund their girl child’s higher education and/or marriage as well as ensure her financial future because i...
- How to withdraw from Sukanya Samriddhi Yojana (SSY) accountThe interest will be calculated for the calendar month based on the account's lowest balance between the fifth day's close and the end of t...
- Was Sukanya Samriddhi Yojana interest rate hiked for Jan-March 2023 quarter?This programme will help parents to fund their girl child’s higher education and/or marriage as well as ensure her financial future because...
- When does a Sukanya Samriddhi account mature?The Sukanya Samriddhi Account is a government-sponsored programme designed to provide a bright future for your girl child.
- View: There’s no correlation between female empowerment and age of marriageDespite the government’s claim of special priority to women, their position keeps deteriorating because the deep social prejudices cannot b...
- How to open Sukanya Samriddhi Yojana account with HDFC BankA Sukanya Samriddhi Account can be opened any time after the birth of a girl till she turns 10, with a minimum deposit of Rs 250.
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