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TAXATION ON GIFTS BETWEEN FAMILY
Groom gets Rs 10 lakh cash and gold jewellery from wedding guests. Now he has to keep record of these gifts. But why?- My NRI status changed. Will interest earned on my NRE FDs be taxable in India?
- Jeff Thomasson built a $38 billion firm from $20,000 debt and 1,000 client meetings a year, now gives $100 million to Indiana University
- Nike co-founder Phil Knight gives alma mater University of Oregon $1 billion, biggest-ever public university gift after unscheduled callPhil Knight and his wife, Penny, have recently pledged $1 billion to the University of Oregon. This donation is intended for the establishm...28 Sep, 2026, 10.31 PM IST
- Who should be in the room: The five kinds of wealth builders ET Wealth Expo is built forThe ET Wealth Expo 2026 is set to unite diverse wealth builders across India, focusing on the dynamic financial landscape. The event will s...28 Sep, 2026, 04.15 PM IST
- Buying property abroad for your NRI child? Know how much Indian parents can transfer and the tax implicationsNavigating overseas property purchases for NRI/OCI children can be complex for Indian parents, entangled in regulations like FEMA and RBI's...28 Sep, 2026, 04.14 PM IST
- Can you save tax by gifting money to your HUF? How Section 99 changes the tax equationMoney or property gifted by a member to an HUF may not be taxable in the HUF’s hands because of the “relative” exemption. But the tax conse...28 Sep, 2026, 11.07 AM IST
- The Habit That Keeps Their Family Close: Victoria Beckham reveals the strict 6 pm family rule she and David follow every dayThey are the first family of British football, but the Beckhams still abide by having dinner together as a family by 6:00 pm sharp. Victori...27 Sep, 2026, 09.08 PM IST
- GIFT Nifty goes into overdrive, hits all-time high in volume and open interestGIFT Nifty recorded a record single-day volume of 457,999 contracts worth $21.18 billion on September 24, 2026. Open interest also hit an a...26 Sep, 2026, 01.01 PM IST
- India to keep taxation out of bilateral investment treaty framework; Cabinet note readyIndia will keep taxation outside the framework of bilateral investment treaties, with a revised model BIT expected to be considered by the ...26 Sep, 2026, 08.50 AM IST
- ‘The Family Man movie' next after Mirzapur success? Manoj Bajpayee’s popular OTT series reportedly heads to theatresThe creators of The Family Man are considering a transition to the big screen with a possible theatrical film adaptation. Their primary foc...25 Sep, 2026, 03.22 PM IST
- Trump says US-China ties have 'never gotten along better', presents bald eagle statue to Xi JinpingUS President Donald Trump hosted a state dinner for Chinese President Xi Jinping at the White House. During the dinner, Trump highlighted t...25 Sep, 2026, 06.21 AM IST
- Princess Margaret Hospital receives $100 million mystery donation in biggest cancer gift in Canada, but that may not be the greatest partIn a remarkable act of generosity, an anonymous benefactor has gifted $100 million to the Princess Margaret Cancer Foundation, marking the ...24 Sep, 2026, 04.08 PM IST
- BRICS should work together on transfer pricing as disputes burden developing nations: FMFinance Minister Nirmala Sitharaman emphasized the need for BRICS nations to improve collaboration on international taxation. She proposed ...23 Sep, 2026, 05.02 PM IST
- JPMorgan to double GIFT City business as $1 billion book expandsJPMorgan Chase & Co. plans to expand its operations at Gujarat's GIFT City in the next few years. The bank aims to double its business in a...23 Sep, 2026, 10.27 AM IST
- My sister gifted me Rs 37 lakh from land sale. Will she have to pay income tax?ET Wealth Reader's Query: My sister and I received Rs 37 lakh each from the sale of agricultural land in our native place. She has gifted h...22 Sep, 2026, 12.46 PM IST
- What to do with old gift bags? Try these 5 creative DIY reuse ideas to organise your home, store small items and reduce wasteRepurposing gift bags is an excellent way to enhance your home organization. Small bags can tidy up drawers, making it easy to separate cha...22 Sep, 2026, 12.45 PM IST
- Psychology says people who leave the price tag on gifts may be sending a message without saying a wordGift-givers often assumed that a higher price tag would make the recipient more grateful, believing that spending more was a sign of greate...18 Sep, 2026, 06.53 PM IST
- Can NRIs save income tax by gifting shares to their resident parents? Know these tax rules before transferring sharesWhile giving shares to your parents who reside in your home country might appear as a thoughtful gesture, it has substantial tax considerat...18 Sep, 2026, 09.21 AM IST
- GIFT City Unlocked: What investors need to know about accessing global marketsGIFT City is emerging as a gateway for Indian investors seeking global exposure, with new fund structures and financial products. The evolv...14 Sep, 2026, 04.53 PM IST
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