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HDFC Group Launches Asset Management And Life Insurance Services At Gujarat's GIFT City

HDFC Group on Thursday announced the launch of its life insurance and asset management services at International Financial Services Centre (IFSC) in Gujarat's GIFT City. HDFC International Life and Re has been set up by HDFC Life, while HDFC AMC International ...

SGX Nifty Becomes GIFT Nifty, Starts Trading Today

International investors will continue to trade via Singapore Exchange (SGX Group) in Nifty as the USD 7 billion open interest contract will be relaunched on GIFT City from July 3, 2023, following 22 years of success in Singapore, according to a ...

NSE & Singapore Exchange Get Approvals To Launch Joint Products At GIFT

India's National Stock Exchange (NSE) and Singapore Exchange (SGX) got a set of approvals from statutory regulators for their proposal to launch products jointly at the Gujarat International Finance Tec-City (GIFT) in Gandhinagar. They received approval from SEBI (Securities and Exchange Board ...

Thoughtful Financial Gift Ideas For Your Loved Ones

It is always appreciated when a lot of thought is put into a gift. Many of us end up gifting things that the person may already own and may never use it. So this Diwali, you can choose to give your ...

Know All About How Gifts Received From Relatives Are Tax-Free

In India, most of the people gift their near and dear ones as a part of traditional custom apart from showing affection and love. Gifts need not be given on a special occasion. In some of the case, gifts are even ...

How Is Property Received As Gift Taxed?

In case when you have been gifted property from some relative or family member, there arises taxation implication upon the sale of such gifted property. For the purpose of computing your taxation liability, your holding period in respect of the property ...

Cash Of Over Rs. 50,000 As Gift From Relative Is Non-Taxable For Receiver

Any amount received over Rs. 50000 in a financial year from a relative as a gift is not taxable in the hands of the receiver. And the terms of the conditions in which the person shall be considered a relative or ...

Immovable Asset As Gift From Specific Relatives Not Taxable For Recipient

Immovable asset such as a property received from some of the specified relatives including mother is not taxable in the hands of a receiver. Nonetheless these transactions are subject to some other levies and fees such as stamp duty implications. ...

Gifts Worth More Than Rs 50,000 Will Attract GST

The government clarified that gifts worth up to Rs 50,000 by an employer to its employees as also free membership of clubs, health and fitness centers will not attract the Goods and Services Tax (GST). Also, the services by an employee ...

5 Financial Gifts For Children This Christmas

Christmas is around the corner and this is the time when parents plan to gift their children something unique and useful. The gift is something which should be cherished in coming years also. This Christmas why not gift your Children something ...

RBI Approves Yes Bank to Open IFSC Banking Unit In GIFT City

The Reserve Bank of India on Tuesday approved Yes Bank to set up IFSC Banking Units (IBUs) in Gujarat International Finance Tec City (GIFT). "Establishing the IBU will propel YES BANK's growth plans further by providing it access to International financial ...

Can NRIs and other residents outside India acquire immovable property in India?

Non-resident Indians together with Persons of Indian (PIO) origin in accordance with the allowed permissions under the Foreign Exchange Management Act (FEMA) can acquire immovable property in India. However, the scope of such an acquisition is limited to the purchase ...

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