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About 3 results for "tinesh bhasin"

Want to gift a financial product? Read this

Each financial product is governed by a different regulator and the rules for gifting vary, points out Tinesh Bhasin. Illustration: Dominic Xavier/Rediff.com   Securing someone's financial future is the best gift you can give them. Instead of giving cash, a prepaid card or buying gold, gift something that can help your close ones financially in the future. An equity product given as a gift, for example, can multiply in value over the years. A small corpus can become a significant amount ... Rediff.com, 2 months ago

Property transfers through PoA not valid

An income tax tribunal held that the PoA could not be construed as an instrument of transfer concerning any right, title, or interest in the immovable property.Tinesh Bhasin reports. Illustration: Uttam Ghosh/Rediff.com   To save on stamp duty and registration charges, many individuals, for decades, have sold their properties by giving an irrevocable Power of Attorney (PoA) to the buyer, instead of registering a sale deed. However, the Supreme Court has ruled that property transfers done ...
 Rediff.com2 months ago

Is compensation received from employer taxable?

There are judicial precedents where it has been held that if payment is made for temporary disablement, it would be taxable, points out Tinesh Bhasin. Illustration: Dominic Xavier/Rediff.com   Jitendra Solanki was paid Rs 32 lakh by his company after he lost an eye on the ship. The money was paid through an insurance company, as Solanki had suffered partial disability and his career in the merchant navy was virtually over. However, when he bought a house with that money, he received an ...
 Rediff.com2 months ago
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