New Delhi: If your savings account maintains a high balance despite low expenses, the Income Tax Department may ask you to ...

ITAT Kolkata held that gifts received from a brother-in-law are exempt under Section 56(2)(vii), as the relationship qualifies as relative for tax ...

If a death benefit is going to a dependant, like a spouse or minor children, then it can be paid as an income stream or as a ...

Nigel Green described Ms Reeves' first Budget as "one of the toughest in years," warning it has left the Chancellor with ...

Mr Speaker, today I present a fantasy Budget – one unconstrained by the political caution that too often holds back certain ideas. This is not about ...

The tax body has launched a review of its decision to remove around 23,500 claimants of child benefit, as HMRC said it will ...

High-net-worth-individuals (HNWIs) are taking tax-free pension cash and changing investment strategies to prepare for the ...

The government’s changes to the tax treatment of pensions has left many wondering whether a pension is the best retirement ...

Under current rules you can usually take up to 25% of your pension tax-free, capped at £268,275 for most people.

ITAT Mumbai held that the Assessing Officer made detailed enquiries before allowing ESOP expenditure, invalidating the PCIT’s revision under section ...

The upfront capital gains tax on withdrawing the money now needs to be weighed against the potential super death benefits tax if the funds are inherited later.

Explore our complete guide to how every state taxes retirement income — including pensions, IRA and 401(k) withdrawals, and ...