Clubbing provisions under Section 64 will trigger and any income arising to your wife from the assets gifted or acquired from ...

A UAE resident received Rs 80 lakh as a gift from his brother-in-law. The tax department issued a Rs 69 lakh tax demand.

Economists say Rachel Reeves must balance revenue needs and backlash, making the controversial tax a key focus ...

Gold shopping during Diwali feels like a mandatory traditional practice that we tend to follow. If you are wondering how much ...

ITAT Agra deleted additions on gifts received from real sisters, holding that when identity, genuineness, and creditworthiness are proven, Section 68 cannot apply to family gifts made out of natural ...

State Representative Pat Curry explained why this is important now and said if passed Proposition 8 would be a safeguard to ...

Wealthy families are increasingly turning to family investment companies to keep more of their money away from HMRC – but ...

Mint explains the intricacies of sections 54 and 54F of the Income Tax Act and how they can help cut your tax bill.

FAYETTEVILLE -- The Washington County Judge's Office and the Assessor's Office are at odds over booth rentals, popcorn and gift cards. According to Sept ... homeowners could use to access a property ...

Having to pay tax on savings interest has boosted the popularity of the cash ISA. The annual ISA allowance allows individuals ...

Retirement is a big life change. But it's not just about leaving the workforce; it's also a chance to rethink what you hold ...

ITAT Agra granted partial relief on a cash deposit addition, accepting ₹60,000 as explained, ruling that money received back from previous advances through banking channels constitutes the assessee's ...