When a parent dies, fixed deposits held in their name raise questions about inheritance, interest income and tax liability. Inherited money is generally not taxable, but interest earned on the deposit may…
A gift of money to a spouse is not taxable in the recipient's hands, but the income earned from that gifted amount can be clubbed with the donor's income, according to tax…
The Income-tax Act, 2025, effective from April 1, 2026, retains largely unchanged tax treatment for futures and options (F&O) traders. F&O transactions continue to be treated as non-speculative business income, not capital…
Brokerage paid to transfer a capital asset can generally be deducted when computing capital gains, but Securities Transaction Tax (STT) cannot, according to tax and investments expert Nishant Shanker. The deduction for…
Gifts from parents to a married daughter are generally tax-free under the Income-tax Act, 2025, regardless of amount, as parents fall under 'specified relatives'. The usual Rs 50,000 threshold for gifts does…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.