Mutual fund units are capital assets under Section 2(14) of the Income Tax Act. Gifts above Rs 50000 are taxable unless received from a relative.

It's important to stay informed about these new updates, especially when planning your finances, to ensure your retirement ...

With the autumn budget due next month, Rachel Reeves is under mounting pressure to plug a multibillion-pound gap in the public finances while honouring Labour’s election pledges not to raise the main ...

The US Internal Revenue Service (IRS) has announced that the annual gift tax exclusion will remain at $19,000 per recipient in 2026, the same as ...