Seeking justice? Now you can afford it

The Supreme Court has introduced the Middle Income Group Legal Aid Society, where the lawyer’s fees are capped. But there are certain conditions, reports Tinesh Bhasin. To make litigation......

Why expensive gifts are bad tax news

Tinesh Bhasin explains the tax liabilities that accompany receiving a gift.Illustration: Dominic Xavier/Rediff.com Surat diamond merchant Savji Dholakia gifted around 600 cars to his employees as......

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......

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:......

Why it makes sense to invest in small savings schemes

Those willing to take a higher risk for higher returns can look at AAA-rated non-convertible debentures from reputed issuers, says Tinesh Bhasin.Illustration: Uttam Ghosh/Rediff.com For those......