As the ITR filing deadline nears, taxpayers must understand how gold received as a gift—especially during weddings—is taxed. While gifts from relatives are tax-free, those from friends or ...

ITAT Mumbai held that denial of exemption under section 54 of the Income Tax Act on account of non-utilization of consideration not justified as utilization done within extended time limit for making ...

The daunting task of working out and paying inheritance tax must be done in the immediate and intense period of grief after a ...

Tax refund is the amount the Income Tax Department repays to you when the total tax paid by you—through TDS, advance tax or ...

Equally, if you leave residential property to a child or grandchild, and the value of your estate is beneath £2million, you ...

Restricted stock units are one way to offer employees a stake in the company’s success while reducing cash outlay. While RSUs are a valuable form of incentive compensation, they also present ...

My husband is inheriting a house from elderly friends, in his name only. It's worth $1 million or more. We do not live in a community-property state. We have one son who is now a young adult. We will ...

The House Ways and Means Committee is set on July 16 to examine how to set up proper taxation for the crypto sector.

It is rare to find stocks paying 5%+ yields that are well-suited to being long-term buy-and-hold investments. Read about two ...

Financial adviser Devin Carroll got right to work over the Fourth of July weekend assessing his clients' tax obligations after the Republican megabill was signed. The professional software he uses to ...

When you start collecting Social Security, any change in finances can be scary. But selling your house doesn't have to be, if ...

Range reports high earners must pay quarterly estimated taxes if they owe over $1,000, with specific guidelines to avoid ...