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WEALTH TAX
Dubai NRI bought Rs 2.31 crore property, didn’t file ITR, got income tax notice; she fights back and wins in ITAT on these grounds- Rs 85.3 lakh cash gifts from relatives deposited in bank trigger unexplained deposit income tax notice; taxpayer contests and wins case in ITAT Chennai
- Son sells ancestral land for Rs 8 crore, buys 2 more properties; gets income tax notice but wins at ITAT Chandigarh: Know why
- Rs 67 lakh ancestral jewellery declaration in ITR triggers income tax notice of unexplained credit: Here's why lady won at ITAT MumbaiWife filed Schedule AL in ITR for first time and got hit with unexplained credit income tax notice for ancestral family jewellery worth Rs ...05 Oct, 2026, 03.26 PM IST
- Estate tax exemption for 2026 is $15 million: Here’s what families need to know about the IRS rules and $19,000 gift limitThe 2026 estate tax exemption is $15 million, while the annual gift tax exclusion remains $19,000 per recipient. Here’s what the IRS rules ...05 Oct, 2026, 02.49 PM IST
- Hackers can target your wealth adviser’s WhatsApp: How to protect your moneyRecent incidents highlight the increasing threat of compromised WhatsApp accounts among financial advisers in India. These attacks exploit ...05 Oct, 2026, 12.30 PM IST
- Brother-in-law caught with Rs 4.34 lakh worth of foreign currency; income tax officer sends notice; he wins case in ITAT Delhi with help from sister-in-lawA brother-in-law got into trouble when he was found with Rs 4.34 lakh in foreign currency. A tax officer sent him a notice about it. But, t...05 Oct, 2026, 10.55 AM IST
- Grain trader deposited Rs 5.2 crore cash in bank, filed ITR declaring Rs 7.65 lakh income, got unexplained deposit income tax notice; won case in ITAT Delhi for this reasonWhen Mr Kumar, a grain trader from Rampur deposited Rs 5.2 crore cash in his bank account and filed an Income Tax Return (ITR) declaring Rs...05 Oct, 2026, 10.54 AM IST
- ET Alpha Wealth Summit 2.0: Date, venue, speakers, agenda and registrationThe ET Alpha Wealth Summit 2.0 set to be held on October 8 at ITC Maratha in Mumbai. Leading investment experts will convene to discuss tre...04 Oct, 2026, 02.46 PM IST
- Google cofounder Sergey Brin has spent over $100M to oppose California's billionaire tax. Here's how much he could lose if the proposal is passedBrin has contributed over $100 million to oppose California's proposed wealth tax on billionaires. Proposition 40 would impose a one-time 5...04 Oct, 2026, 08.04 AM IST
- India should tax capital income, not wealth or inheritance: Economist Daniel WaldenstromIndia should focus on taxing capital income, such as corporate profits and dividends, to address inequality. Economist Daniel Waldenstrom s...03 Oct, 2026, 02.21 PM IST
- Class 9 students to learn income tax and personal finance under new NCERT curriculumNCERT has introduced personal income tax in the Class 9 curriculum to enhance financial literacy among students. The textbook highlights th...01 Oct, 2026, 05.35 PM IST
- Medicine shop owner deposits Rs 2.47 crore cash in bank account, gets income tax notice for unexplained cash; wins case in ITAT Delhi for this reasonMr Kumar, a medicine shop owner had deposited Rs 2.47 crore cash in his bank account during demonetisation period, he got an unexplained ca...01 Oct, 2026, 10.41 AM IST
- Rs 9.91 lakh income tax refund for senior citizen after proving that he mistakenly paid income tax on tax-free bonds; ITAT Delhi order explainedMr Ajay Kumar Bakaya a senior citizen from Gurgaon faced a significant tax issue when he accidentally overpaid income tax on his tax-free b...30 Sep, 2026, 05.43 PM IST
- My NRI status changed. Will interest earned on my NRE FDs be taxable in India?ET Wealth reader's query: I was an NRI until FY2024–25. After relocating to India, my residential status changed to ‘resident’ from FY2025–...29 Sep, 2026, 12.45 PM IST
- Deadlines for income tax audit and ITR filing extended for AY 2026-2027 to these datesThe Central Government has extended the deadline for filing Income Tax Returns for the Assessment Year 2026-27. Taxpayers subject to audit ...28 Sep, 2026, 06.46 PM IST
- Moving from UAE to India? 6-step financial homecoming guidebook to manage tax residency, bank accounts, Dubai property, and gratuityTax residency, bank accounts, Dubai property and gratuity all need sorting before and after you fly home.28 Sep, 2026, 11.55 AM IST
- India’s new wealth creators: Why diversification is changing investment strategiesIndia’s new wealth creators are looking beyond traditional investments, exploring alternatives, global markets, and more diversified portfo...26 Sep, 2026, 09.13 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
- Billionaires abound in California. Why not tax their wealth?No state may be a more natural fit for a tax on billionaires than California. The state leans left politically, needs funds for healthcare ...20 Sep, 2026, 04.58 PM IST
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