India’s government announced a fresh set of measures to boost investments in the Gujarat International Finance Tec-City, or ...

Down payment amounts above $19,000 and received as a gift must be reported on a gift tax return by the person making the gift—not the beneficiary. But that doesn't mean the donor will pay taxes. "The ...

GIFT City has made steady progress, with over 740 entities registered and banking assets crossing $78 billion by December ...

Tax season can feel overwhelming, especially for baby boomers who may be navigating retirement plans, investment portfolios ...

If a taxpayer misses the filing deadline, the IRS may impose significant penalties (up to 25% of the amount of the foreign gift or inheritance received).

Under the current scheme, you can give away as much money as you like, inheritance-tax free, as long as you live seven years ...

The Form 1099-K is meant to report income from payment apps (like Venmo or Paypal), as well as from online marketplaces or ...

Budget 2025 Key Highlights: Union Finance Minister Nirmala Sitharaman will present her 8th budget in a row on Saturday, ...

The central government has provided great financial relief to senior citizens by changing the tax slab. The government has ...

In the Budget for FY26, finance minister Nirmala Sitharaman announced special measures for funds, ETFs and retail schemes eligible for free of tax relocation to Gift City.

Uttarakhand Chief Minister Pushkar Singh Dhami thanked Union Government under the leadership of Prime Minister Narendra Modi ...