As more people seek ways to reduce their tax liability after recent Budget changes, families are reminded of a gifting option ...

The US is suing the estate of a Connecticut man who died in 1997, alleging that a tax liability of about $22 million has ballooned to over $51 million with penalties and interest.

Opponents of the bill say lowering the tax would be a huge budget blow and bolster wealthy families staying that way.

If a property is rented out and has an active home loan, the taxpayer can claim a deduction of up to ₹2,00,000 on the ...

Yet rich parents often want to give more. Here are the (sometimes barely legal) ways they get it done. A trust distributes ...

Now, the physical occupation condition has been removed. Even if neither you nor your family can live in the house for practical reasons, you can still declare two houses as SOP, and their annual ...

Wondering how your home loan interest affects your tax liability? Compare self-occupied vs rented property under the old and ...