The Enforcement Directorate has frozen financial assets worth over Rs 9 crore in a money laundering investigation involving former employee...

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An HUF is treated as a separate tax entity; it enjoys a separate basic tax exemption of Rs 2.50 lakh in addition to separate tax exemption ...

Tax will be deducted from the dividend at the time of payment by the company/mutual fund house if the total amount paid to the individual d...

Over 3.4 lakh investors dealing in listed equity shares and mutual funds are suspected to have evaded or not reported long-term capital gai...

KYC documents of the new Karta and the HUF need to be provided. Transmission form and documents submitted by the new Karta/members are scru...

While presenting the Budget in July 2019, Nirmala Sitharaman had introduced a surcharge on individuals earning more than Rs 2 crore.

There is no legal concept of disowning a child, but parents can deprive a child of his share in their self-acquired property through a will.

On income earned, the Hindu Undivided Family is taxed on the same slab rates applicable to an individual.

The karta of the HUF is required to fill up the non individual KYC form and complete KYC formalities with the registration agency (KRA).

Every week, an expert selected by ET answers queries from our readers on income tax. This week, the queries include those on income declara...

Every week, an expert selected by ET answers queries from our readers on income tax. This week, the queries range from I-T return to tax li...

For investors receiving dividend in excess of Rs 10 lakh per annum, Budget 2016 proposes tax at the rate of 10% of gross amount of dividend...

A letter requesting a change of karta needs to be sent to the concerned asset management company.

The move comes at a time when Sebi is urging mutual funds to look beyond the metros and spread to smaller towns for greater financial inclu...

What will the new tax return forms mean to you? Here's listing the new features & implications.

The process of getting a mutual fund identification number (MIN) is turning out to be a cumbersome task for non-individual investors as wel...