A same-sex couple has petitioned the Bombay High Court, claiming discrimination under Section 56(2)(x) of the Income Tax Act, which currently taxes gifts between partners due to the narrow definition ...

Gifting to family members is a common way to transfer wealth, but the tax treatment can vary depending on who the recipient is and how the gift money is used. Moneycontrol’s Ask Wallet-wise initiative ...

The defence and prosecution have argued for a fine given the potential impact of a jail sentence on the tycoon, who has an ...

The petition was admitted by a bench of Justice B.P. Colabawalla and Justice Firdoush Pooniwalla, which has also issued a ...

A charity was "blown away" by offers of help after being told it needed to move its base for a project that gifts presents to ...

A man initially charged with aggravated assault in connection with a serious attack in Coquitlam earlier this month is now ...

If the main goal is simply to help her buy a bigger home now, the cleanest option might be to leave the rental untouched, ...

Without India, the world would have no zero, no Ayurveda and that delicious butter chicken. As we celebrate Independence Day, ...

Dear Miss Manners: I have been married to a very sweet guy for over 15 years now. I have never made a habit of keeping ...

An expert's response to a senior citizen's query on whether their daughter's quarterly remits from the US will be taxed in ...

Serena Williams' husband, tech mogul and entrepreneur Alexis Ohanian, is leaving no stone unturned for their daughter Olympia ...

The little-known aster flower, native to Japan, has become a popular choice in bouquets for its associations with love - but ...