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TAX ON WEDDING GIFTS
Banks are cutting credit card perks quietly; Learn how to get more value from your walletMany banks have recently reduced credit card rewards, cashback limits, and perks, prompting cardholders to reassess their spending strategi...- Senco Gold Q4 Results: Profit skyrockets 151% to Rs 157 croreSenco Gold has announced a significant profit jump of 151 percent for the fourth quarter. This surge is attributed to soaring gold prices a...
- Jeff Bezos takes dig at Zohran Mamdani, imagines Amazon run like NYC schools: ‘Packages would take six weeks, cost $100 and still arrive wrong’Jeff Bezos criticized New York City's public school system's inefficiency, comparing it to Amazon's operations to highlight administrative ...
- Your monthly spend also decides how soon you can retire: Expense tracking apps, AI tools are changing how Indians investExpense-tracking apps, spreadsheets, Artificial Intelligence (AI) -generated analysis, and budgeting dashboards are not merely bookkeeping ...
- Rs 1.11 crore, gold, BMW and more: Viral Ghaziabad dowry video shows cash, luxury gifts openly displayed at Indirapuram wedding. Watch hereGhaziabad Dowry video: A viral video from Ghaziabad shows a man publicly listing a lavish dowry, including over ₹1 crore in cash, diamond a...
- As Modi urges restraint on gold buying, jewellers’ body pitches mobilisation & recycling frameworkThe All India Jewellers & Goldsmith Federation proposes mobilising India's idle gold stocks. This approach aims to save foreign exchange wi...
- 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...
- Once an institution of warmth and wit, parties are now an embodiment of symbol over experienceA recent party at Gwalior's Jai Vilas Palace offered a glimpse of genuine connection, a stark contrast to years of superficial gatherings. ...
- Gold holding above 100g: Can it be seized by income tax department if you don’t have right papers? Check varying limits for men and womenIndia has no legal limit on gold ownership, provided its source is declared income. While CBDT offers seizure guidelines for specific gold ...
- Getting expensive wedding gifts? They’re tax-free, but only if you keep these proofs handyWedding gifts, even those by non-relatives or received before or after the wedding, are exempt from tax. But preserve proofs like wedding i...
- Father receives Rs 4 lakh as cash gift in son’s marriage and wins income tax case of unexplained income; ITAT Ahmedabad ruling explainedManubhai faced tax issues over cash gifts received before his son's wedding. The tax department alleged undisclosed income. Manubhai contes...
- Gift deed and relinquishment deed in real estate: What’s the difference?If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 4...
- Larger-than-life gesture: Shaquille O’Neal gave his friend Donald Trump a luxury gift worth thousands of dollars on his wedding to Melania in 2005; here's what the gift wasShaquille O'Neal gifted Donald Trump and Melania a $325,000 Rolls-Royce Phantom on their wedding day in 2005. Shaq's extravagant gift compl...
- What type of gift is taxed and what is exempted? Arnav Pandya explainsArnav Pandya explains income tax rules for gifts, highlighting exemptions for gifts from relatives like spouses, parents, and in-laws. Vari...
- Gifting beyond the confines of 'family'Unlike in the West, the notion of what comprises 'family', or individuals who share similar levels of familiality, is more expansive in Ind...
- How to choose the best financial gifts for your loved onesGifting an investment or an insurance plan can transform the life of the recipient and is the best way to show you care. Here is how you ca...
- Here's how to choose the best financial gifts for your loved onesGifting an investment or an insurance plan can transform the life of the recipient and is the best way to show you care.
- Grey areas people are exploiting to justify unaccounted cash as legal incomeTax professionals are charging 5% to 25% to suggest strategies that can convert unaccounted cash into legitimate money. Here are some of th...
- Are gifts received on marriage taxable?Gifts received by the bride and the groom, on the occasion of their marriage, are exempt from tax.
- Blue chips are the new wedding wowsNot much has changed over the years at the archetypal Gujarati wedding - colour, hospitality, joie de vivre, sumptuous food and dandiya raa...
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