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You don’t have to pay tax for gift by relatives

If I receive a non-agricultural land from my aunt as a gift, do I have to pay tax? My aunt has no children and wants to gift the land either to me or my mother. The market value of this land is around

Living allowance is fully exempted from tax net

Q) In my income-tax return for 2009-10, I have claimed for an exemption from the payment of capital gains tax under Section 54. In order to claim exemption under Section 54, I was told that the proper

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.