The death benefit paid to the nominee under a term insurance plan is exempt from tax under Section 10(10D) of the Income Tax ...

The ITAT Raipur restores Section 10(10D) exemption, ruling the CPC exceeded its powers by making a complex adjustment on an insurance policy's maturity ...

Gifts to a spouse are tax-exempt for the recipient, but Section 64(1)(iv) clubs income from the gifted asset with the transferor's income. Learn about clubbing rules, second-generation income, and ...

So far, life and health insurance premiums have lured 18% GST, thus scaling up the policy costs. So, if your life insurance ...

Comparison of ULIPs and mutual funds reveals mutual funds outperform across equity, debt, and hybrid allocations consistently ...

Selling shares often results in significant long-term capital gains, and many investors worry about the tax burden on such profits. The good news is that the Income Tax Act offers a way to save tax ...

In India, 88 percent of the total work force of 48 crore belongs to unorganised sector working in shops, offices, small industries, domestic helps, laborers, running of small businesses and ...

For many people, local income tax shows up as a small line on every paycheck—but figuring out how those dollars are calculated can be confusing. The rules can get tricky, especially if you live in one ...

A pitch to shore up Colorado’s Medicaid program and schools by ramping up taxes on the state’s wealthiest residents will likely go to voters next year under a proposal announced Wednesday morning by a ...