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Alimony is an important aspect of the divorce process. In such a situation, it is important to understand how alimony is calculated? When will the alimony received from husband after divorce be taxable? How will the wife not have to pay tax on alimony?
Son Earns, Father Taxed!
Generally you have to pay tax on your earnings. But sometimes such a situation arises that you have to pay tax on someone else's income also. This is called clubbing of income. What is clubbing of income? When may you have to pay tax after gifting property to your son?
Tax on income from gifts to minors
Clubbing of income will remain applicable till the child attains adulthood. After attaining adulthood, this income will be taxable in his own hands.
Tax Hammer On E-Gaming Cos
The total tax demand on e-gaming companies might climb to a height of Rs 1.5 lakh crore, claimed a report in the Business Standard.
How is interest calculated in your PF account?
Last year's interest has not yet been received in the Employees Provident Fund i.e. PF account. Due to this, crores of account holders are disappointed. Do you know when and how interest is added to PF account?
This Deed Can Give Peace of Mind!
You can transfer your property to others in many ways... One of these is Gift Deed... What is Gift Deed? How can it be made? How can it reduce property disputes? When is tax required to be paid on property received as a gift?
Armed with data from tax havens, IT Dept confronting HNIs
Armed with information obtained from jurisdictions such as Singapore, Switzerland, Cayman Islands and British Virgin Islands, the taxman is going after high-networth individuals.
When Is Farm Land Sale Taxed?
Not every piece of land used in farming is considered agricultural land in the eyes of the Income Tax Act
How much tax is levied on sale of agricultural land?
Not every land used for farming is considered agricultural land in the eyes of Income Tax Act. Which agricultural land will be taxed on sale and which will not be? Lets find out
Know the trick to save tax on rental income!
Investing in property is considered a safe option for earning rental income. Where should you show rental income in your income tax return? How is rental income taxed? How can you save taxes on rental income?

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