Gifts to a Married Daughter: Tax Rules Parents and Daughters Should Know
Meena’s father wanted to transfer ₹25 lakh to her account after she got married, money he’d been setting aside since she was a child. Before he did it, he called his CA with a question that stops a lot of parents cold: “Will she have to…
You Can Sell One House and Buy Several — And Still Keep Your Tax Exemption? Here’s the Ruling That Proves It
Picture this. You finally sell that one property you’ve held for years. The sale value comes in at a jaw-dropping ₹23.76 crore. You’re relieved, maybe even a little proud of the decision. And then, almost immediately, a new problem lands on…
Section 80G Donations: How Giving to Charity Can Actually Lower Your Tax Bill
Deepa donates to two causes every year without fail, a children’s education NGO her college friend runs, and the PM CARES Fund, a habit she started during the pandemic and never stopped. When her CA asked her, while preparing her ITR, whether she…
That “Simple” Favour of Adding Your Spouse’s Name to the Flat? It Could Land You in a Criminal Law You’ve Never Heard Of
Manoj wanted to add his wife’s name to the flat he’d bought two years earlier — purely as a gesture, a way of formalising what already felt like joint ownership in every practical sense. Then his CA friend asked him one question over dinner…
Sold Inherited Property in India? Here’s Who Pays the Tax, and How Much You Can Legally Save
Ramesh’s grandfather bought a plot in Nagpur in 1978 for ₹40,000. When he passed away in 2015, the plot went to Ramesh’s father, and after his father’s death last year, it landed in Ramesh’s name through a registered will. Ramesh…
How Much Gold Can Your Family Legally Keep at Home Without Proof?
Lakshmi’s mother-in-law has a small steel almirah in her bedroom that’s been filling up with gold for over four decades, wedding jewellery, gifts from every birth in the family, pieces bought a little at a time whenever there was spare money.…
Post Office Tax Saving: Why PPF, SSY, NSC, KVP, and MIS Don’t All Save You the Same Tax
A neighbour of mine, a retired schoolteacher, once proudly told me she’d invested her Diwali bonus in Kisan Vikas Patra because “post office schemes save tax, don’t they?” She wasn’t wrong to trust the post office as a safe…
Salaried and Running a Side Business? Here’s Exactly How to Report Both in Your ITR
Nikhil has a stable 9-to-5 as a software engineer, and for the last two years, he’s also been building a small side business reselling curated home decor products on Instagram, doing everything from sourcing to packing orders himself on weekends.…
ITR Filed Successfully? Here Are 8 Income Tax Notices the Department May Still Send You
Arjun filed his ITR in July, saw the “successfully verified” message on the portal, and mentally closed the chapter on taxes for the year. Three weeks later, an email landed in his inbox with the subject line “Intimation under Section…
Received a Gift or Inherited a Property? Here’s What the Taxman Actually Wants From You
Suppose your father decides to gift you the family house this year. Or maybe your grandmother’s jewellery has come to you after her passing. Or a close friend transferred you two lakh rupees to help you through a rough patch. The first question…