2+ day, 12+ min ago   (696+ words) When an Indian resident holding mutual funds, shares or other financial assets passes away, their nominees act as a custodians of those assets until they are transferred to the legal heirs or the investor's family. In some cases, where the…...

1+ mon, 1+ week ago   (353+ words) When you invest in a mutual fund, buy insurance, or open a bank account, picking a nominee is one of the first things you are asked to do. It allows these institutions to know whom to contact if the account…...

1+ mon, 4+ week ago   (379+ words) What's a gift that has the potential to be worth more tomorrow than it is today? Stock. But before transferring shares to a family member or friend, it's important to understand the tax rules. Who receives the gift determines whether…...

2+ mon, 1+ week ago   (437+ words) The income tax (I-T) department has permitted ‘condonation of delay’ for charitable trusts to file Form 10AB for seeking fresh approval under Section 80G of the I-T Act. This will allow taxpayers to claim deductions under Section 80G for the donations made to…...

2+ mon, 2+ week ago   (319+ words) Transferring money to your spouse may seem like a smart move to reduce your tax liability but the income tax law sees through it. For instance, if you transfer funds to your wife and she invests it in fixed deposits,…...

4+ mon, 3+ week ago   (451+ words) Fixed deposits (FDs) have long served as a cornerstone of Indian household savings. Frequently, these accounts are established by grandparents years in advance and may be overlooked by the family following their passing. Complications often arise when family members discover…...

8+ mon, 2+ day ago   (1146+ words) NEW DELHI: Parliament in December cleared the Repealing and Amending Act, 2025, which has removed a long-standing procedural hurdle in inheritance by deleting Section 213 of the Indian Succession Act, 1925. The change means that beneficiaries in Mumbai, Chennai, and Kolkata no longer…...

8+ mon, 3+ week ago   (198+ words) Among the flurry of bills passed by India’s Parliament during its Winter Session, one of them repealed 71 Acts in a single swoop, many cobwebbed and dusty, dating back to the British Raj. The aptly named Repealing and Amending Bill of…...

9+ mon, 3+ week ago   (225+ words) Any form of US-listed stocks–either stock options or direct stocks–can create significant wealth, but they also carry the risk of US estate taxation When it comes to paying the estate tax, the process is handled by the estate…...

10+ mon, 2+ week ago   (299+ words) PoAs are a practical way for individuals to ensure that property, investments or legal matters can be managed smoothly by someone they trust. However, there are clear limits on what a PoA can and cannot do. Six months ago, my…...