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As a registered power of attorney holder of my NRI (non-resident Indian) son, can I invest the sale proceeds of his two properties in 54 EC bonds on behalf of him and in his name? What is the maximum limit of such investment?—Name withheld on request As a registered power of attorney holder, you are permitted to undertake sale of immovable properties on behalf of your NRI son provided the power of attorney is specific for the properties to be sold. You may take appropriate legal advice to understand the stamp duty implications for such specific power of attorney document. Section 54EC gives you the benefit of tax exemption on capital gains arising from sale of properties held for the long term.

TikTok content often overwhelms users' feeds. To streamline the process of managing their favorite videos, users can add them to their favorites and organize them into Collections. Collections have become a highly popular feature on TikTok, enabling users to categorize their saved videos. However, some users may wonder how to delete a collection on TikTok. Here's a comprehensive guide: TikTok boasts an extensive collection of videos for users to explore, with new content continuously flowing onto their For You Pages. To make it easier to revisit videos they enjoy, users can «Favorite» these videos, ensuring quick access in the future. Moreover, users have the option to group their favorite videos into collections, simplifying the task of organizing and keeping track of their preferred content. This feature has been well-received by many TikTok users. User needs to open the TikTok. Subscriber needs to click on his or her profile. Subsequently, user needs to visit the 'Favorites' tab, and click on 'Collections'. After that user needs to click on the collection that he or she want to delete. Then select three dots in the right corner and click on delete collection. Once the pop-up emerges, one needs to click on 'Delete' again to confirm.

Samir Arora, Founder and Dinshaw Irani, CIO, Helios Capital in conversation with Nikunj Dalmia of ET Now. Arora says: “The difference between us and others is that while nobody will say that they buy bad factors like bad management or bad history or bad themes, they do trade off. That means they will accept high valuation by saying it has good management or they will accept poor quality management by saying it is very cheap and discounted. We have understood that there is no need to make these trade-offs. That is how the consistency has come. In fact, we are betting on it. If you see our tagline, it is for every term.” What is elimination investing? Do fund managers need to take higher risk to beat the index? Samir Arora: For any active fund manager, the attempt is always to do better than the index. But to do that, you have to basically sort the universe into stocks which are good or bad and eliminate the bad, which is why we call it elimination investing. Whether it pays off or not is something that you cannot promise because you yourself do not know. But historically, that has worked.

I recently sold a property owned jointly by my mother-in-law, my wife and me. The property was purchased with a loan taken in my name although the sale deed did not mention any proportion of our shares in the property. The buyer paid the sale amount in three equal parts to each of us and also paid tax deducted at source (TDS) of the three sellers. Is the challan or tax receipt given by the buyer proof of the advance tax paid? Is TDS certificate (Form 16B) required? To calculate long term capital gains (LTCG), can I include money spent on interiors and other work as cost of improvement? Also, what constitutes the cost of transfer? My wife and I had bought a house in 2019. The registration was completed the same year but the property is expected to be handed over this year. Can I show the purchase of flat mentioned towards exemption of LTCG tax? What is the timeline for reinvestment in residential property? Does it have to be done before filing the tax return? Then what is the 2-year window for investment? —Name withheld on request If the buyer has paid advance tax, TDS certificate is not required.

I need to send some money abroad (in excess of $250,000) as a monetary help to my son. How do I go about with it?

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Answer: As per the income tax laws any house or land becomes a long-term capital asset if the same is held for 24 months or more. One can claim exemption against long-term capital gains arising from the sale of residential houses and land respectively under sections 54 and 54F by investing in a residential house. If you sell land and building before it becomes a long-term capital asset, the profits are taxed as short-term capital gain and taxed like your regular income.

EA Sports FC 24, the world of virtual football, changing commentators might not be as monumental, but sometimes, you just want to hear a different voice. Electronic Arts (EA) has featured several iconic commentators over the years. While Derek Rae currently takes the helm for the English version, the option to switch up the commentary team is available this year.

Zug, a small Swiss canton nestled by a shimmering lake and framed by the Alps, is famous for its traditional cherry pie - which was particularly loved by actress Audrey Hepburn - and for its blockchain start-up hub.

By Chirag Nangia

When I convert my ICICI Bank savings account into NRO (non-resident ordinary) and NRE (non-resident external) accounts, what will happen to my existing funds? Will that move into the NRE or NRO account? From which account will my ongoing loan payments be deducted? If it is going to be through NRO account, then do I need to transfer funds from NRE to NRO account every month? Will there be any tax deduction on this? Do I need to do any paperwork with ICICI Bank and my loan provider HDFC Bank?

As per the Liberalized Remittance Scheme (LRS), an Indian citizen can send $250,000 per year. Can this amount be used for investments in futures & options (F&O) trading on international listed derivatives. For example, can a trading account be opened with an international broker in foreign geography to trade exchange products such as S&P 500 futures, crude oil options, gold, Comex (F&O market for commodities), etc. What is the taxation if the account is opened in Dubai, UAE or Singapore; jurisdictions which have double taxation avoidance agreement (DTAA) with India? —Name withheld on request Remittances under LRS are allowed only in respect of permissible capital or current account transactions or a combination of both.

repayment of a home loan taken to buy a residential property except to the extent available under Section 80C. However, if you are able to sell your existing house property within one year from the date of purchase of a new house, you will be able to claim the exemption in respect of long-term capital gains arising on the sale of the present house.

Ryan Phillippe series, Shooter, which aired for three seasons, will soon depart Netflix globally. Initially gone from the US in June 2023, other regions will lose access in mid-September 2023. Adapted from a movie with Mark Wahlberg, the show centered on Bob Lee Swagger, a retired marine drawn into a government conspiracy. The cast included Ryan Phillippe, Shantel VanSanten, Omar Epps, Cynthia Addai-Robinson, Eddie McClintock, and Josh Stewart. After three seasons, USA Network chose not to renew the show, and attempts to find it a new home were fruitless. Netflix obtained global rights through a licensing deal with USA Network for the US, while international rights (excluding Canada) were acquired for exclusive streaming shortly after airing. In the US, Shooter Seasons 1-3 had been released in June or May each year, with the final season arriving on June 21, 2019. Now, four years later, Netflix is set to lose rights on June 21, 2023, as indicated by a removal notice on the show's page. Internationally, Netflix in some regions will retain the show longer, like in the UK where access is expected until September 14, 2023. This five-year span aligns with the addition of the season 3 finale on June 22, 2018. Everywhere else, Shooter's last watchable day is September 13, followed by complete removal on September 14.

I am 54-years-old and live with my wife and son . I own the house we live in as well as the adjacent house in which my mother resides. Additionally, I have investments in PPF (public provident fund) account, and various other assets. I am planning to write a will with my wife as the sole beneficiary. In case she predeceases me, I want the assets to go to my son. I want my mother to retain the flat till her demise, whereupon my son should get custody of that house. How do I accomplish all this with a will? —Name withheld on request As per your query, we assume that you are is a Hindu.

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I am an NRI (non-resident Indian) living in the US for more than a decade. My mother died recently and I will inherit one of the immovable properties from her estate. Can I receive and hold immovable property in India, and if so, what are the tax implications on this? —Name withheld on request Under Fema (Foreign Exchange Management Act) regulations, an NRI can inherit immovable property situated in India from an Indian resident without the permission of the Reserve Bank of India.

Michael Patrick King for HBO Max. This captivating show continues to enthrall audiences with its glitzy depiction of the intertwined lives of Carrie Bradshaw, Miranda Hobbes and Charlotte York, portrayed with brilliance by Sarah Jessica Parker, Cynthia Nixon, and Kristin Davis, respectively. In this episode, viewers can expect the signature wit, enduring friendships and love for New York City that have made the characters so beloved. All the burning questions will be answered as the plot unfolds in this thrilling installment. The show promises to deliver all the fashion, drama and entertainment that has made the franchise a global sensation. Season 2 Episode 8 is scheduled for release on August 3, 2023, at 03:00 EDT on HBO Max. Fans across the globe are eagerly awaiting the latest twists and turns in the lives of these iconic characters. The storyline of season 2 explores the characters' lives after Samantha Jones' departure, leading to changes in the trio's dynamic. Carrie Bradshaw embarks on a journey of self-discovery, seeking closure and a reconnection with her identity. Meanwhile, Miranda Hobbes faces life-altering decisions that steer her towards unanticipated paths.

Q.I recently inherited some movable property from my grandfather after he passed away. Is there any tax implication for me regarding this inheritance? — Vinod S. According to the Income-tax Act, 1961, there is no tax levied on inheritance of property, whether it is movable or immovable. Hence, the movable property you have inherited from your grandfather will incur no tax in your hands.Q.My father had some ancestral property, but he passed away without writing a will. I am married and have two brothers, who are now claiming that I have no right over this property. Can I stake a claim to this property and contest my brothers in a court of law? — Binati S. Ancestral property cannot be willed to anyone and is passed on to the next three generations of legal heirs by virtue of their birth, as long as the property remains undivided.

Lizzo seems to have supported singer Taylor Swift when she witnessed a concert-goer holding a sign saying ‘I Chose You Over Taylor Swift’. The incident happened on Friday (July 14) when the “About Damn Time” singer was talking to the audience.

Aston Villa will start at 1 pm on Saturday, July 15 at Bescot Stadium. You can purchase a match pass or sign up with Villa TV to watch the game live. The Villa TV website contains additional details. Aston Villa will utilize the Poundland Bescot Stadium as their home ground for pre-season matches this summer, as Villa Park has been hosting concerts recently. Two new players, Pau Torres, and Youri Tielemans, will make their official debuts in front of the crowd. After his contract expired, Tielemans joined for free, and Torres came from Villarreal. Aston Villa will go to the United States after their match against Walsall to compete in the Premier League Summer Series against Newcastle, Fulham, and Brentford. They will then return home to face Lazio at Walsall's Poundland Bescot Stadium.