Long-term capital gains and losses from redemption of equity MFs are exempt
Long-term capital gains and losses from redemption of equity MFs are exempt
Can you provide the definition of and inclusions in the term 'relative' under section 56 of Income Tax Act for the purpose of giving and receiving gifts? Also what are the tax implications of such gifts? Is there any gift tax?
ÂAgrawal
Where any sum of money exceeding Rs 50,000 is received without consideration by an individual or an HUF from any person, the whole of such sum will be charged to income tax of the recipient under the head, Income from Other Sources. » full story
More Stories:
Return your junk phone, get a tree planted... » read more
Bollywood producers, multiplexes end standoff... » read more
Sensex moves up further in afternoon trade... » read more
Give industry status to retail sector: Assocham... » read more
SC refuses Mumbai SEZ plea for staying land acquis... » read more
Fiat CEO says still interested in Opel... » read more
India gold trades flat; buyers at bay... » read more
Rupee steady tracking stocks; Asian units... » read more
GMR Infrastructure's last quarter profit up 6... » read more
Featured News
Breaking with Manmohan a mistake, says Bardhan A leading Communist leader has admitted that withdrawing support to the Manmohan Singh government over the India-US civilian nuclear deal and West Bengal's decisions over Nandigram and Singur cost the Left the Lok Sabha election.
