Receiving a gift of money or property from a loved one can be a significant financial event. While the Income Tax Act aims to prevent the misuse of “gifts” for tax evasion, it provides a crucial and ...

A businessman successfully proved cash gifts from his sisters were legitimate, avoiding tax evasion charges. The Income Tax Appellate Tribunal ruled in his favour, accepting documented property sale ...

Banks automatically report significant cash deposits, large credit card payments, and high-value property transactions to the ...

Srinivas Reddy said that the government has undertaken a programme to correct the mistakes made by the then BRS government by ...

The CBSE has announced that the Class XII Biology examination will be held on March 27, 2026, providing students a clear timeline for structured preparation. Covering topics from cell biology to ...

The first ODI between Australia and India to be played on October 19. Australia and India will clash in the first of the three ODIs, which will be played at the Optus Stadium in Perth on October 19, ...

Gold as gift from relatives is tax-exempt but the gifts that exceed Rs 50,000 from people other relatives in a fiscal year ...

Arsenal star Beth Mead admits that she is "not the biggest fan" of the new Women's Champions League format. Changes have been made to elite European competition that mirror those made in the men's ...

Tommy Fleetwood snatched the 36-hole lead at the DP World India Championship. The 34-year-old Englishman backed up an opening 68 with a sublime 8-under 64 on Friday at Delhi Golf Club to reach ...

MUMBAI, Oct 8 (Reuters) - The regulator of India's Gujarat International Finance Tech (GIFT) City is in discussions with the country's central bank to allow domestic lenders to instantly settle forex ...

New Delhi [India], October 7 (ANI): India will soon launch its own digital currency backed by the Reserve Bank of India (RBI), Union Minister of Commerce and Industry Piyush Goyal said in a roundtable ...