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.
Shares of Axiscades Technologies rose 5.39% on Wednesday, extending gains after Sunil Singhania’s Abakkus Asset Manager picked up a 3.03% stake in the engineering solutions company through a block deal. The stock had hit a 10% upper circuit in the previous session, closing at Rs 2,067.40 amid heavy volumes on the NSE. The immediate trigger…
West Bengal Chief Minister Suvendu Adhikari on Wednesday announced the eligibility criteria for the state’s Annapurna scheme, under which eligible women aged 25 to 60 will receive a monthly assistance of ₹3,000, and said payments to beneficiaries would begin from August 17. Adhikari said women earning more than ₹10,000 a month or belonging to families…
Shares of HDFC Bank rallied 3% to their day’s high of Rs 727 on the NSE on Tuesday after the private lender submitted two candidates’ names to the RBI for the role of CEO. This formally begins the succession process for Sashidhar Jagdishan, who is due to retire later this year, with brokerages maintaining their…
Currency markets focused on the yen on Monday following a sharp drop last week that spurred speculation of a rate check from Tokyo, while investors pondered interest-rate outlooks after a wave of hikes from major central banks last week. The yen was a touch firmer at 156.64 per US dollar after dropping 2% last week….
Shares of Sterling and Wilson Renewable Energy rallied nearly 8% on Tuesday to a day’s high of Rs 186.66 on the NSE after the company secured domestic and international orders totaling over Rs 985 crore. According to an exchange filing, the company announced that it has secured one order in Rajasthan totaling 534.3 MWp from…
Indian biscuit maker Anmol Industries has filed for an initial public offering worth up to 18 billion rupees ($187.87 million), draft papers showed on Friday. The Baijnath Choudhary & Family Trust, Anmol’s top investor with a roughly 84% stake, is the sole selling shareholder in the IPO. Anmol is not selling any new shares and…