The article warns that small tax law changes can erode charitable benefits over time. It highlights both positive updates and ...
Have questions about income tax? We break down key tax rules on topics like gifting money to a spouse, TDS on property purchases, and capital gains on the sale of gifted jewelry.
A businessman successfully proved cash gifts from his sisters were legitimate, avoiding tax evasion charges. The Income Tax ...
The One Big Beautiful Bill (OBBB), which passed on July 3 and is expected to be signed by President Donald Trump by July 4, increases the amount individuals may transfer for federal estate, gift, and ...
My husband and I have started giving money to my sister to help her out. It’s going to be about $30,000 a year for the next five or so years at least. Will this sum be more than the amount the IRS ...
As the festive season lights up homes across India, many employers are rewarding their staff with Diwali bonuses and gifts.
On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (OBBBA). The OBBBA extended and may permanent many key provisions of the 2017 Tax Cuts and Jobs Act (the TCJA), ...
Beverly is a writer, editor, and paralegal specializing in personal finance and tax law. She covers personal financial and legal topics, as well as tax breaks, tax preparation software, and tax law ...
The assessee’s own bank statements corroborating the receipts. The main reason the brother (assessee) won the case was that ...
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