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Inherited Property? You Could Be Sitting On A Huge Tax Trap – Here’s How To Avoid It

New Delhi: When you receive a house or land from your parents through gift or inheritance, you don’t have to pay any tax at the time of receiving it. However, if you decide to sell that property later ...

Uniform Transfers to Minors Act (UTMA): What It Is and How It Works

The Uniform Transfers to Minors Act (UTMA) is an act that allows a minor to receive gifts such as money, real estate, and fine art without aid.
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Repealing the estate tax could create headaches for the rich – as well as worsen inequality

As it stands, only a tiny fraction of America's wealthy are ever subjected to the estate tax. Krisanapong Detraphiphat/Getty Images Nothing is more certain than death and taxes, Benjamin Franklin ...
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Income tax on gifted property: NRI step-brother to pay zero income tax on Rs 7.5 crore property

The Income Tax Appellate Tribunal (ITAT) Mumbai recently exempted an NRI step-brother from paying any income tax after the tax department added Rs 7.88 crore income in his Income Tax Return (ITR) on ...