Tag: tax liability
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Long-term capital gains: How tax on the sale of an inherited property is computed? | Mint
Three sisters inherited one piece of land in 2003, but it was partitioned among the sisters in 2010. For the indexed cost of the...
Supreme Court rejects PIL seeking to scrap TDS system of tax collection: ‘Very badly drafted’-OxBig News Network
The Supreme Court on Friday refused to entertain a Public Interest Litigation (PIL) seeking to declare the Tax Deducted at Source (TDS) system as...
Can gifting assets to family members enhance tax efficiency?
For instance, if assets are...
Remitting money to India: Are funds taxable for you or your brother? | Mint
I have been working in the US for many years. I want to remit some money to my brother in India. Are these funds...
Income Tax: How can a middle-class salaried employee optimise for taxes? | Mint
In this world nothing can be said to be certain except for death & taxes. – Benjamin Franklin.Effective tax planning allows salaried employees...