I am an NRI (non-resident Indian) living in the US for more than a decade. My…
Tag: tax implications
Tax implication of sale of a flat within three years funded by a home loan
Question: I purchased a ready-to-move-in flat in Mumbai in December, 2021 which was partly funded by…
The implications of Uniform Civil Code for taxation and inheritance
Rumours are rife that the government may table the Uniform Civil Code (UCC) in the upcoming…
Liquidation of your ESOP? Know the tax implications first #ESOP #incometax #stockoption #finance #mint
Many taxpayers receiving ESOPs from their employers are concerned about the tax component. Let’s see how…
If a senior citizen gets an FD in the name of his son, then who will pay the tax on interest?
I am a senior citizen. If I make a fixed deposit in the name of my…
To what extent can a father give gifts to his son under the Income Tax laws?
Please state whether one can gift his son to buy a flat and if so, is…