Cash received as gift from some relatives is tax exempt
iStockPhoto I had gifted Rs.2 lakh to my spouse, with which she bought some shares. Who will pay the capital gains tax on the sale of these shares? —Kalpesh Dhar…
Sale proceeds of non-farm land can be remitted by NRIs
iStockPhoto I’m a non-resident Indian (NRI) living in Germany and have inherited a piece of non-agricultural land in India. I am going to sell it soon. Can I repatriate the…
A single MF folio nomination can have multiple nominees
iStockPhoto How can I change a nominee? —Rakesh Poddar Every mutual fund (MF) has a nomination change form. When you fill and submit it, the previous nomination information will be…
A benami property can be solely bought for personal benefit
iStockPhoto I had bought a flat and added my wife as a joint holder, but she did not make any payment towards it. In my Will, can I bequeath 100%…