For federal estate and gift tax purposes, transfers are valued at the “fair market value” of the asset on the date of transfer. One of the more ...

In 1958 by Parliament of India, the gift tax act was introduced to regulate tax on giving and receiving gifts under certain circumstances. Over the years, the law has evolved and currently income ...

The Union Budget for 2025-26 has proposed a major tax arbitrage for unit-linked insurance policies and endowment plans sold via Gift City. If approved, the maturity proceeds in such dollar ...

Simple tax returns are the most basic type of return you can file. Software companies vary in their criteria, but a simple return is generally prepared using IRS Form 1040 and is limited to ...

While resident Indians will have to pay tax at 12.5% on the profits if the annual premium is above Rs 2.5 lakh, NRIs investing from the GIFT City will be exempt from tax. For residents ...

Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert ... fill out a form that changes the name on the ownership title for those stocks. If the gift is an estate ...

Who should file a tax return, how to get ready for taxes, filing and payment due dates, reporting your income and claiming deductions, and how to make a payment or check the status of your refund.

The woman falsified proofs of remittance and final income tax return forms for her clients. Though she took about 30 percent of the income tax return refund of each client as a commission fee ...

Valentine’s Day, a day to celebrate love, is the perfect excuse to shower her with love and a gift as special as her. Skip the cliché and go for something uniquely heartfelt- a love note in a ...