I received ₹50 lakh through inheritance. I gifted half of it to my aunt in Canada. Will I have to pay income tax on the full amount or the amount that’s left after what I gave my aunt? ISTOCK —Shreya Kulkarni In India, there is no income tax levied on inheritance. However, any income earned […]
I plan to sell my property in Vadodara which is currently quoting about 40% below the circle rate. Can I request the IT assessing officer to conduct valuation before I sell the property? And, will the AO consider the valuation if I get the property valued by a government approved valuer? — ARUNKUMAR JOSHI As[…..]
When Google went public, in August 2004, it created two classes of stock. Class A shares were the ones sold to the public, each share coming with traditional voting rights: one share equals one vote. But class B shares were different: each share came with ten votes. Class B shares were not sold publicly, and[…..]
With the Indian rupee appreciating against the US dollar, Euro and some other currencies over the last few months, you will have higher purchasing power for discretionary spends when travelling abroad this summer. But how should you spend this money? Should you swipe your credit or debit card or use cash instead? Given that using[…..]