ITAT Mumbai rules that gifts received shortly after marriage are exempt under Section 56(2)(vii) of the Income-tax Act. The decision clarifies that "on the occasion of marriage" includes gifts ...

India taxes crypto gains at 30%, which is just the beginning. Discover how harsh TDS rules and loss restrictions are driving investors offshore.

In India, an Income Tax Return (ITR) is a mandatory document that eligible individuals must submit to the Income Tax ...

Transfers, gifts and joint holder changes for non-demat mutual fund units can now be done online — but tax treatment differs ...

GIFT City is emerging as India’s onshore gateway to global investing, offering tax advantages, regulatory flexibility, and ...

Search and recovery teams continue to search the site of one of India’s worst aviation disasters for a third day.

If my mother sells or gifts me her $800,000 personal residence to me, my understanding is that I also get her adjusted cost basis. If she holds a note for 100% of the purchase price and then gifts ...

As the Gift Tax Act 1958 was removed in 1998, the Gift Tax in India is included and regulated under the Income Tax Act. This article will delve deeper into the taxes on gift under the Income Tax Act, ...

This post details the legal limits and tax rules for holding gold jewelry in India. People often wonder if there's a legal limit on how much gold jewelry one can own, especially in India, where it ...

Indian Bitcoin investors face a steep 30% tax and 1% TDS, hindering profitability. Bitcoin ETFs offer a tax-efficient alternative, taxed as long-term capital gains at 12.5% if held over 24 months, ...

"GIFT City and International Financial Services Centres Authority (IFSCA) are pivotal in positioning India as a front-runner and the destination of choice for setting up Global or Regional Treasury ...