Tax benefits on co-owned house hinge on actual contribution, not ownership share
Tax benefits for co-owned properties should not be seen as a hack to maximise tax between spouses, but rather should depend on the actual contribution of each co-owner.
Tax benefits for co-owned properties should not be seen as a hack to maximise tax between spouses, but rather should depend on the actual contribution of each co-owner.
With Diwali 2026 approaching, households tend to spend more on groceries, festive clothing, home decor, gifts and other seasonal purchases. How have prices of these items changed over the past year, and which expenses could put additional pressure on festive budgets? According to the latest data from the Ministry of Statistics and Programme Implementation (MoSPI),…
If an individual classified as a Resident and Ordinarily Resident (ROR) in India sells shares listed on a foreign stock exchange that were acquired while living in the United States, the tax treatment of the gains will be governed by the provisions of the Income Tax Act, 2025, which came into force on 1 April…
U.S. consumer prices accelerated in August, while a key measure of underlying inflation posted its largest increase in four months, reinforcing expectations that the Federal Reserve will raise interest rates next week. The Labor Department’s Consumer Price Index report on Friday followed strong readings in several components of the Producer Price Index released on Thursday…
The Department of Telecommunications (DoT) has cautioned mobile users against allowing SIM cards issued in their name to be used by others, warning that fraudulent SIM issuance, misuse of telecom identifiers and tampering with IMEI numbers can carry serious legal consequences. Under the Telecommunications Act, 2023, such violations may attract imprisonment of up to three…
Retiring early is only half the financial challenge. The bigger question is how to make your retirement corpus last for the next 40 years or more without being forced to sell equity investments when markets are falling. For someone retiring in their 40s or early 50s, conventional retirement rules may not be enough. The popular…
Form 10C acts as the official application to withdraw the EPS funds or to secure a Scheme Certificate.