Indians are consistently purchasing high-value properties abroad, with minors now joining in through the RBI’s Liberalised Remittance Scheme using parental gifts. Dubai is a favored destination. Accurate disclosure of these assets is crucial to avoid penalties under the Black Money Act. Guardians managing minors’ assets must ensure proper reporting in tax returns.
Related Posts
Congress, other casteist parties only remember Dalits during their bad days: Mayawati
BSP supremo Mayawati has urged Dalit leaders in Haryana to break ties with Congress and other “casteist” parties ahead of the state assembly elections. She […]
Reliance Jio confirms outage, here’s what the company said
On September 17, Reliance Jio encountered a major network outage affecting customers across India. The issue, caused by a fire at a data center, led […]
Why Yuvraj Singh’s father Yograj hates Kapil and Dhoni
Yograj Singh, father of cricketer Yuvraj Singh, has accused former India captains Kapil Dev and MS Dhoni of harming their cricket careers. Yograj claims Kapil […]