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...
17 Nov, 2025, 04.10 PM IST
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...
29 Aug, 2025, 10.39 AM IST
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...
20 Aug, 2024, 11.13 AM IST
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...
03 Apr, 2024, 10.13 AM IST
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...
13 Dec, 2023, 11.07 PM IST
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...
15 Jun, 2023, 11.57 AM IST
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 ...
01 Mar, 2023, 03.38 PM IST
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 ...
23 Oct, 2022, 04.13 PM IST
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.
04 Jan, 2020, 10.01 PM IST
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.
29 Jul, 2019, 08.30 AM IST
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.
12 Nov, 2018, 01.44 PM IST
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.
06 Mar, 2018, 09.27 AM IST
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.
25 Dec, 2016, 08.09 AM IST
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.
09 May, 2016, 03.09 PM IST
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...
27 Apr, 2015, 01.46 PM IST
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...
10 Mar, 2014, 08.47 AM IST
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 ...
14 Feb, 2014, 12.56 PM IST