Gifts to these relatives are exempt from tax under Section 56(2) of the I-T Act. Types of assets for gifting Cash: While cash gifts are common, use bank transfers for significant amounts.

Parents often open trust accounts for minor children. An account in trust can include cash, stocks, bonds, and other types of assets. Totten or Payable on Death (POD) trust accounts allow ...

To ensure your trust performs as it was intended, timely and proper funding is vital. What types of assets can go into a trust? Many people assume that once they sign the trust documents at their ...

In business, every financial move impacts your bottom line. Tax relief on investments in assets is one of the most underrated ...

Offshore trusts can be a smart and secure way of protecting your assets and safeguarding your wealth against potential ...

No, common stock is neither an asset nor a liability; common stock is an equity. Image source: Getty Images. Common stock is a type of security that represents an ownership position, or equity ...

Banks in Europe — much like those in the US — are stepping away from many types of lending. Driven in part by stricter ...