The ITAT Surat remanded a case involving a Rs.30 lakh gift treated as unexplained cash credit under Section 68. The Tribunal allowed the assessee another opportunity to submit bank records and explain ...

Income-tax rules: Here's how capital gains generated from digital, paper (which includes gold ETFs, gold mutual funds and ...

In a recent "Mesirow Monday" segment on WGN's Your Money Matters with Jon Hansen, Rebecca Solomon, J.D., LL.M., Senior Vice ...

Martin Lewis gave tips for people gifting money to relatives, explaining the £3,000 rule and £250 rule and impact on inheritance tax ...

Tax filing rules: As tax filing season starts, many taxpayers are discovering that gifts -- often seen as informal financial exchanges -- can carry significant tax implications. From cash transfers to ...

In the Midcoast, nearly a quarter of a million dollars in federal money earmarked for housing was rescinded from a small town ...

More than one-third of Americans give graduation gifts, but with budgets tight, more people are economizing. The amount you give depends on grade, age, your relationship to the recipient and your ...

Forbes contributors publish independent expert analyses and insights. Darren Case is an Arizona attorney covering tax and estate planning. With the potential sunset of the Tax Cuts and Jobs Act ...

Wealthy families rushed to give away assets to save on taxes, but a new law made exemptions permanent, causing some "buyer's ...

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. Seventeen years after Congress enacted IRC Section 2801, the ...

What is a flat income tax and why do some say its more fair? In Idaho, tax policy has shifted over time: Gradual reductions in income tax rates Move to a flat tax rate where everyone pays the same ...

There are multiple occasions where financial gifts are exchanged between family members, and India's Income-Tax laws have provisions that allow such transactions between close relatives to be exempted ...