The budget has created a tax arbitrage for non-resident Indians (NRIs) investing in unit-linked insurance plans (Ulips) ...

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

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 ...

LANSING — House Speaker Matt Hall said Thursday he is open to raising Michigan's corporate income tax to keep intact funding ...

Don’t wait for the tax season to be in full swing—start working on your U.S. expat tax return now and get a head start.

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 ...

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 ...

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

FM Nirmala Sitharaman's announcement on February 1 brings a gift for the Indian middle class with no tax payable up to ₹12 ...

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

“Now, there will be no income tax on income up to Rs 12.75 lakh as the standard deduction benefit of Rs 75,000 is available to the salaried class,” he said.