Nowadays, in many divorce cases, the husband has to give not only alimony but also a large part of his property to the wife.

Generally, whether income is taxable depends on various rules ... gifts are a well-known category of non-taxable income. That's due in part to the generous annual federal gift tax limit.

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

The beginning of each year is a great time to start next year’s tax planning. One area to help reduce your tax obligation, ...

Transferring a home to your children can offer them divorce, creditor and tax protections as well as provide a mechanism for managing the property.

Families are often able to build up a substantial net worth through owning property, like a farm, or a small business.

Canadians who emigrate to the United States or elsewhere face many decisions and considerations associated with departure, but careful tax ...

State BJP president Rajiv Bindal said the relief in income tax is a big gift by the Central government to the public. “The NDA government led by Prime Minister Narendra Modi has always believed ...

Finance Minister Nirmala Sitharaman announced in Budget 2025 the relaxation of conditions for making any two houses self-occupied properties in income tax rules. As per the announcement made in the ...

Finance Minister Nirmala Sitharaman has announced a revised tax structure under the new regime that will reduce taxes and leave more money in the hands of the people. She also said during her ...

This will reduce the number of transactions liable to TDS, thus benefiting small tax payers receiving small payments." She said, "I propose to rationalize tax deductions at source (TDS ...

On Saturday, Finance Minister Nirmala Sitharaman extended some of GIFT City’s tax benefits to March 2030 that had previously been slated to expire between 2024 and 2026. The government will also ...