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WHAT IS GIFT TAX
Did you claim a minimum Rs 10,000 income tax refund for your car bought in FY26? Here's how to claim your 1% TCS nowAccording to the income tax rules, car dealers are required to deduct 1% TCS if the ex-showroom value of the car exceeds Rs 10 lakh. Howeve...- Received cash, property or shares as gifts? You may have to pay tax as per ITR reporting rules in these casesGifts from specified relatives are fully exempt from income tax. Non-relative cash gifts exceeding fifty thousand rupees become taxable. Im...
- ETMarkets Smart Talk | Tier III India is creating the next wave of millionaires: Centrum Wealth CEO Sandeep DasWealth creation is expanding beyond metros into smaller cities. Family offices are growing significantly, managing wealth more formally. Cr...
- Warren Buffett cuts off donations to Gates Foundation following Epstein revelationsWarren Buffett is donating six billion dollars in stock to four family foundations. This significant shift ends a long-standing philanthrop...
- ETMarkets Smart Talk | Selling property in India? Here's how NRIs can avoid excess TDS: Trilegal's Himanshu SinhaNRIs face complex tax rules when selling Indian property, often leading to excess tax deductions. Obtaining a Lower TDS certificate can pre...
- No longer just jewellery: How young Indians are rewriting their relationship with goldIndia’s younger generations are increasingly treating inherited gold jewellery as a financial asset rather than a family heirloom. Millenni...
- India must finish the capital account reforms begun in 1991India's capital controls have transformed from restrictive permissions to more refined regulations. As the nation pursues its economic aspi...
- When Warren Buffett bought one company because of a book, and another on a handshakeHow does the world’s most careful investor buy a company with no due diligence at all? One of Warren Buffett’s acquisitions began with an a...
- Gifted a house to your spouse? You may still have to pay tax on the rental income: Know 7 key things before filing ITR for AY 2026-27Many taxpayers mistakenly believe that rental income from a house gifted to a spouse is taxable in the recipient spouse's hands. This artic...
- NATO set to unveil billions in arms deals to prove its firepower to TrumpNATO will reveal billions in new military projects at a summit in Turkey. These initiatives aim to demonstrate increased defense spending a...
- ITR utility updated: New 'other income' column added under exempt income schedule; here's what it meansIncome Tax Return (ITR) filing for the assessment year 2026-2027 sees a significant update with a new 'Other Income' column under the Exemp...
- Financial independence for children: How families in the US and India split the bills when adult children stay homeIn the United States, those graduating in the 21st century especially have been seeking to return to the homes of their boomer parents. In ...
- Navi eyes Rs 3,000-crore IPO; inside IT CEOs’ paySachin Bansal’s Navi is preparing to return to the public markets by the March quarter of FY27. This and more in today’s ETtech Morning Dis...
- ‘Your home loan is a trap’: CA explains how a Rs 50 lakh loan can cost you over Rs 1 croreA chartered accountant warns that home loan borrowers often overlook the total repayment, which can double the initial amount. He highlight...
- JioBlackRock to offer full MF bouquet in 3 years; plans more SIFs, ETFs, GIFT City productsJio BlackRock is set to significantly expand its mutual fund offerings over the next three years, venturing into more specialized investmen...
- Asset servicing company Dovetail Capital secures Rs 100 crore from Elev8The firm which was founded in 2017, counts famed stock market investors Amal Parikh and Rakesh Jhunjhunwala as its early backers. Bengaluru...
- Leading Indian brokerages gear up to offer seamless access to global stocks via GIFT CityIndian investors can now easily buy foreign stocks like Apple and Nvidia through GIFT City, thanks to major discount brokers like Groww and...
- NRI Talk| For a Rs 50 crore NRI portfolio, structure matters as much as stock selection: Tarun BiraniNRIs view India with cautious optimism, recognizing its long-term growth potential despite recent market flatness and rupee depreciation. D...
- Husband has to pay income tax on wife’s earnings from FD, gold, shares under clubbing of income in these casesITR filing: Transferring investments to your spouse to save taxes is a common misconception. The Income Tax Department scrutinises fund sou...
- US Stocks: GIFT City or traditional broker? Before you start overseas investing, know which route saves you more in taxes, costs, and hassleIndians now have easier access to global markets through direct overseas investing or GIFT City. Direct investing offers wider choices and ...
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