Money gifted to spouse: income may be taxed in donor’s hands
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…
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Income Tax Act 2025: New rules for F&O loss set-off, carry-forward
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 deductible on capital gains, STT not: tax expert
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…
