This new tax reporting rule should not affect your tax liability. If you earn over $400 in income, you need to report it to ...

Enquiries have at least doubled since the Budget, says one expert, who believes these are now likely to increase ...

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

Gifting is a heartfelt way to express love and affection towards our dear ones. In 1958 by Parliament of India, the gift tax ...

Families are often able to build up a substantial net worth through owning property, like a farm, or a small business.

Avoid transferring more than Rs 20,000 in cash. For amounts exceeding Rs 20,000, use RTGS, NEFT, or cheques to avoid scrutiny. If the amount is given as a gift, no tax notice will be issued.

This new tax reporting rule should not affect your ... Money received from a family member as a holiday or birthday gift Money received from a friend covering their portion of a restaurant bill ...

The Union Budget for 2025-26 has proposed a major tax arbitrage for unit-linked insurance policies and endowment plans sold via Gift City. If approved, the maturity proceeds in such dollar ...

Hoping for more aid to cope with rising budgets, municipalities eye possible increases in revenue sharing rates ...

When it comes to donating stocks, the key to maximizing the tax advantages comes down to whether or not your investment is ...

Expert insights on maximizing tax benefits and philanthropic impact through donor-advised funds, featuring financial adviser ...