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TAX LIABILITIES FOR WIDOWS
Rs 60 lakh cash gift from late husband: Widow gets income tax notice for'unexplained' credit - Know what ITAT ruledMs Parve’s counsel argued in ITAT Pune that she is a housewife and never filed her income tax return (ITR) as she had no independent source...- I am 36 with Rs 1 crore net worth. How much do I need to achieve financial freedom by 41?ET Wealth Reader's Query: I am 36 years old and live with my wife and mother. Our current net worth is Rs 1 crore and the portfolio compris...
- Budget 2026: Take home salary calculator for CTC of Rs 10 lakh, 12 lakh, 15 lakh and 20 lakhBudget 2026 brings no changes to tax slabs or deductions. However, new labor codes are set to be implemented. This will affect take-home sa...
- Four little-known ways millions could lose Social Security benefits in 2026Social Security recipients face a challenging 2026. While a 2.8% COLA increases the average monthly check to $2,071, rising costs threaten ...
- Social Security changes coming in 2026: Could you qualify for the new $6,000 senior tax deduction and save on federal taxes?Social Security changes coming in 2026: A new $6,000 senior tax deduction could wipe out federal taxes for many Americans aged 65 and older...
- New Labour Code 2025 tax savings calculator: Rs 15 lakh CTC gets extra Rs 75k relief — check your savings at Rs 20 lakh & Rs 25 lakhStarting November 21, 2025, a revised Labour Code brings exciting tax-saving opportunities. With wages comprising 50% of the Cost to Compan...
- I have inherited Rs 1 crore, do I need to pay tax on this before investing?I have inherited Rs 1 crore in fixed deposits and bank balance. Are these amounts considered ‘income’ under the Income Tax Act?
- Social Security: These states have some tax exemptions on benefits; details hereIf you are living in some US states, you have to pay state taxes on Social Security benefits as well. There are certain categories that are...
- Will Taylor Swift make Bucks County her new home? Has she bought a house there? Here's all you need to knowTaylor Swift was rumoured to have purchased a home in Bucks County, Pennsylvania, but sources say she did not. While the speculation has sp...
- Woman gets 6-month jail for not filing ITR; who has to mandatorily file income tax return, consequences of not filingWho has to file ITR: The decision was made following a complaint from the Income Tax Office (ITO), alleging that Rs. 2 lakh was deducted as...
- Is gift deed a tax-efficient way to transfer assets to legal heirs?Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
- Ten ways to ensure sustainable well-being of all and an inclusive IndiaCovid-19 & Ukraine crisis have threatened the gains made in poverty reduction over the last decade; Ease of Doing Biz should also have a th...
- How to organise your money in a way to make access easy even without your physical presenceCovid has created new sensibilities and new skills in many of us. But that might still be an extreme case. In our normal routine lives, hav...
- Stocks in the news: YES Bank, ITC, PVR, Ashok Leyland, GAIL and RILITC has for the first time set a dividend payout ratio for shareholders.
- Inheritance rights of women: How to protect them and how succession laws varyWhether you are a wife, daughter or mother, find out what you are entitled to and how you can claim it.
- Here are nine incomes you need not pay tax onNot many people are aware that there exists certain types of income for which your liability is zero and they are not added to taxable inco...
- Should there be a limit on compensation for accident victims?An amendment to the Motor Vehicles Act may place a ceiling on the compensation for accident victims, which may fall short of current medica...
- New Tax Code: Prepare for the TDS nightmareThe respite from TDS bite for small interest earners by submitting simple declarations will be a thing of the past under the new tax code. ...
- Refund claims may rise on derivatives lossesUnexpected losses suffered by corporates, which were exposed to forex derivatives and lower profits for banks, could result in a rise in re...
- Kelkar retains sting despite cutsThe final report of the Kelkar panel on direct taxes is not very different from the initial consultation paper.
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