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TAXATION ON WEDDING GIFTS
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...- Don’t let your gains on gold & silver vanish: You may pay 18.2% additional income tax if not careful about exit timing, check taxation rulesUnderstanding gold and silver taxation is crucial for investors. Holding periods determine short-term or long-term capital gains tax. Strat...
- Gifts to daughter-in-law are tax-free, but parents-in-law pay tax on income; Why Budget 2026 should fix this anomalyGifts to daughters-in-law are tax-free, but income from these gifts is taxed to parents-in-law due to an outdated clubbing rule. This provi...
- 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...
- 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...
- 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...
- It’s unrealistic to expect unbridled capital outflow. But relaxing rules will not hurt the economyWe may have come a long way to a stage where large global asset managers hold Indian stocks, government bonds find a place in international...
- Tax on gifts: Documents that you should have while filing ITRGifting is often used to transfer property or money within the family or to relatives by way of will or inheritance. As per the amendment a...
- To pay or not to pay: High Court decides on the levy of GST on vouchersThe ever-growing demand of vouchers is being satiated by companies who procure vouchers from their issuers and supply them to buyers. Till ...
- Sustainability is the theme for corporate gifting across India Inc this DiwaliBesides the sustainable gifts, companies are also giving experiential gifts like travel or stay at a hotel to employees, especially as the ...
- Lessons from Murugappa: What are your inheritance rights as a woman?Succession and inheritance laws are still grey areas for many women, largely due to the lack of uniformity.
- 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.
- Are you investing correctly for your child's goals? Answers to these 6 questions can help youFind out how to secure your children’s future by taking the right money decisions and opting for appropriate investing avenues.
- 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.
- This is what kept our celebrities awake in 2016From the suicide of Rohith Vemula in Hyderabad to the disappearance of Najeeb Ahmed at JNU, the young are a worried lot.
- How women can optimize finances when looking after parents and kidsThe Sandwich Generation mothers are caring not only for their kids, but also parents. Here's how they can plan their family’s finances.
- Kotak Mahindra Bank to open branch at GIFT City in GujaratKotak said the bank will be tracking developments on the regulatory and taxation fronts in its effort to start operations from the GIFT Cit...
- How well do you know the tax rules?An online survey conducted by Economictimes.com shows that Indians are not very clued in when it comes to taxation. Take this quiz to gauge...
- Vote on Account 2014: 10 things that defined personal taxation in the last decadeLooking at the tax reforms implemented in last 10 years, it is clear that the intention has been to increase the tax base to generate more ...
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