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Gifts

Tax Benefits Under HRA Only Available To Salaried Employees For Rented House

Benefit of house rent allowance is not available if you are the owner of the house. Any profit or loss from dealing in futures & options have to be reported under the head “Profit and gains from business or profession”....

26 August 2023

Best Father’s Day Gifting Options

Best Father’s Day Gifting Options

We have listed some of the best father's day gifting options for you in this article.

16 June 2023

Here Are Few Tips To Give Your Mother A Gift Of Health This Mother’s Day

This Mother’s Day, instead of getting your mother a traditional gift, why not give her the gift of health? Taking care of her health and financial well-being can be the best way to show your gratitude and love towards her

13 May 2023

PM Modi's gifts French President Emmanuel Macron a Sandalwood replica of Sitar

Sandalwood Replica Of Sitar For President Macron, Pochampally Silk For First Lady - All About PM Modi's Gifts To French Dignitaries

The decorative replica of the quintessential Indian classical music instrument Sitar that was gifted to French President Emmanuel Macron carried images of Devi Saraswati, who is revered as the Goddess of knowledge, music,...

15 July 2023

You Can Claim Tax Benefit For Home Loan Repayment Only Upon Possession Of House

No deduction can be claimed under Section 80C in respect of principal repayment made prior to the year of possession. There is no provision for tax exemption for LTCG if you repay the home loan taken for a residential house....

10 June 2023

Best Mother's Day Gifts in India

10 Best Mother’s Day Gifts in India 2023

The bond between a mother and a child is the most sacred and unbreakable. A mother is a caregiver and the child’s first friend and teacher.

11 May 2023

Father’s Day: Health Insurance—A Timeless Gift to Secure His Future Financially

On Father’s Day, what better way to show love and gratitude to our dads than to gift a health insurance product to secure their future financially?

17 June 2023

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Rental Income Cannot Be Set Off Against House Rent Under Income Tax Laws

Rental income would be computed by deducting 30 per cent of the rent received from the gross rent received. In case of gifts made by cheque, the transaction becomes fully complete only when it is deposited in the bank...

06 May 2023

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01 April 2023
To Calculate Cost Of House For Capital Gains, Include All Costs Incurred In Purchase, Repair

To Calculate Cost Of House For Capital Gains, Include All Costs Incurred In Purchase, Repair

For calculating exemption under Section 54, you will be entitled to take into account all the costs incurred in connection with the purchase of the new...


21 March 2023
Former US President Donald Trump Fails To Disclose Gifts Worth USD 250,000, Including USD 47K From Indian Leaders

Former US President Donald Trump Fails To Disclose Gifts Worth USD 250,000, Including USD 47K From Indian Leaders

A report titled 'Saudi Swords, Indian Jewelry, and a Larger-than-Life Salvadoran Portrait of Donald Trump: The Trump administration’s Failure to Disclose...


25 December 2022
Be The Secret Santa, Surprise Your Loved Ones With Financial Gifts This Christmas

Be The Secret Santa, Surprise Your Loved Ones With Financial Gifts This Christmas

You could be the Santa Claus for your family this Christmas! Why not surprise them with financial gifts to kick off the New Year on a positive note towards...


02 December 2022
MP: Chouhan Gifts Rs 2 Lakh For Wedding Of Khargone Riot Victim's Sister

MP: Chouhan Gifts Rs 2 Lakh For Wedding Of Khargone Riot Victim's Sister

The Chief Minister had met Shivam while he was undergoing treatment at a hospital in Indore and assured him assistance to ensure that his sister's wedding...


28 November 2022
CBI Arrests Man Impersonating Its Joint Director

CBI Arrests Man Impersonating Its Joint Director

The arrested, identified as Visakhapatnam-resident Kovvi Reddy Srinivas Rao, allegedly demanded gifts from private individuals assuring them of lobbying with...


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24 November 2022
The Magic Mirrors of Aranmula

The Magic Mirrors of Aranmula

The traditional craft of polished metal mirror of Aranmula in Kerala, which has earned the Geographical Indication tag, make excellent gifts or souvenirs


05 November 2022
Gift Received From Husband Not Taxable As Income For Wife Under Income Tax Laws

Gift Received From Husband Not Taxable As Income For Wife Under Income Tax Laws

In case you make a gift to your spouse, the income is required to be clubbed with your income. Income from NRE PIS account is not tax-free for an NRI


25 October 2022
Are You Planning To Gift Shares This Diwali? Here’s The Process And Applicable Taxes

Are You Planning To Gift Shares This Diwali? Here’s The Process And Applicable Taxes

You can gift shares to your friends and relatives through both the online and offline processes. Here’s the way to go about it and the applicable tax and...


24 October 2022
GI Protected Crafts From India That Are Excellent For Gifting

GI Protected Crafts From India That Are Excellent For Gifting

India is home to many crafts and handloom products which double up as beautiful souvenirs. When you buy GI tagged ones, you not only buy genuine goods but also...


21 October 2022
Here Are 6 Transactions That Can Attract An Income Tax Notice

Here Are 6 Transactions That Can Attract An Income Tax Notice

The income tax department monitors high-value transactions, and often during Diwali or otherwise too, these transactions might cross a certain threshold. Here...


19 October 2022
Received Your Diwali Gift As Bonus, Cashback, Or Gift Coupon? Know The Tax Implications

Received Your Diwali Gift As Bonus, Cashback, Or Gift Coupon? Know The Tax Implications

Gifts received from relatives are tax-free, while they are tax-exempt up to a certain limit if received from others. But those received in the form of bonus...


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18 October 2022
Adi Dravidars To Get Cash, Not Garments, As A Gift For 'Deepavali'

Adi Dravidars To Get Cash, Not Garments, As A Gift For 'Deepavali'

In lieu of free garments for Deepavali, the festival of lights, the territorial government would remit cash to Adi Dravidar families.      


03 October 2022
Closing Date Of E-Auction On Mementos Gifted To PM Narendra Modi Extended Till October 12

Closing Date Of E-Auction On Mementos Gifted To PM Narendra Modi Extended Till October 12

Proceeds from the gifted items to PM Modi will be directed to the Namami Gange Mission. 


13 September 2022
These Special Shawls And Paintings Once Gifted To PM Modi Can Be Yours, Here's How

These Special Shawls And Paintings Once Gifted To PM Modi Can Be Yours, Here's How

A collection of 12,000 gift items received by Prime Minister Narendra Modi is set to go up for bidding on September 17. Proceeds from the auction will go to...


26 August 2022
Lachi: Making Festive Gifting An Expression Of Emotions

Lachi: Making Festive Gifting An Expression Of Emotions

Splurging right on a gift can be facilitated if you know where to spend it.


19 July 2022
FlowerAura Launched A Collection That Pays Perfect Tribute To Raksha Bandhan Celebrations

FlowerAura Launched A Collection That Pays Perfect Tribute To Raksha Bandhan Celebrations

For all the brothers who want to be different for Raksha Bandhan 2022, the gifting giant has launched a special collection from which one can buy and send the...


15 July 2022
Souvenirs From Maharashtra That You Must Have

Souvenirs From Maharashtra That You Must Have

Paithani saree to Kolhapuri chappal to the Sawantwadi wooden toys, these handmade weaves and crafts are easy to pack and carry, and thus a delight for souvenir...


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