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

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

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 ...

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 ...

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.

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 ...

My brother and I want to do the right thing for our younger brother and give him an equal share from our inheritance. I know ...

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