INHERITED GOLD
No family wealth? CA shares how to build generational wealth with just few 'boring' habits
Nitin Kaushik shared tips on building wealth without family money. He advises prioritizing survival over status. Avoid luxury early and invest in assets like land or gold. Think generationally, not quarterly. Protect wealth and build systems for passive income. Mastering budgeting and investing is key. Anyone can leave behind an empire with these habits.
Golden visas for Indians: Amid changing rules and global uncertainty, golden visa calculations now include risk-hedging, estate planning, taxation
From EB-5 uncertainty to Portugal’s property ban, wealthy Indian families are rethinking their residency strategies as global rules tighten.
Voluntary-based silver hallmarking under revised rules begins; here’s how you can check silver purity
Starting September 1, 2025, India implements HUID-based hallmarking for silver jewellery and articles on a voluntary basis, according to the revised IS 2112:2025 standards. Consumers can verify article details like purity and jeweller information via the BIS Care App.
Do you need to pay tax on inherited gold jewellery? CAs explain when you may
In India, inheriting gold jewellery is tax-free, but selling it incurs capital gains tax on the earnings. The tax is determined based on the indexed cost of acquisition, which includes the initial purchase price or fair market value as of April 1, 2001.
CA gets the craziest client request ever while ITR filing: 'No money, bro. You pay my tax. Going for Europe vacation'
Chartered accountant Nitin Kaushik shared financial advice after a client's audacious request to cover his income tax. He urges the middle class to prioritize financial discipline, spend wisely, diversify investments, and build additional income streams. Kaushik also emphasizes the importance of insurance, avoiding lifestyle comparisons, and distinguishing between good and bad debt for long-term financial security.
Bangladesh eyes end to treasure trove bank vault mystery
Murad maintains that the family's diamond, too, was once owned by Persia's shahs, then worn by Sikh warrior-leader Ranjit Singh in 19th-century Punjab. It was later seized by the British and eventually acquired by his ancestors. But fortunes shifted. In 1908, the then-nawab faced financial trouble.
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5 ways your retirement math can go wrong and what to do about it
Today, retirement planning needs a revamp. Traditional methods that rely on forecasts often fail. Sequence-of-return risk can deplete savings. Dynamic withdrawals, adjusting spending based on portfolio performance, offer a solution. Experts suggest combining bucketing with adaptive withdrawals. Flexibility and caution are key. Plan for higher expenses and lower returns. Choose a strategy aligning with your needs for a comfortable retirement.
The evolving nature of wills: Including sentimental assets in estate planning
High Net-Worth Individuals are now including emotionally significant items, or aspirational assets, in their wills alongside traditional assets like property and gold. These items, ranging from soap collections to antique matchboxes, carry deep sentimental value for the older generation.
Ivanka, Eric and Donald Trump Jr. face massive inheritance blow as inheritance shrinks by millions
Ivana Trump’s New York townhouse has seen many price cuts since her death in 2022. The luxury home was once listed for millions more but is now worth less. Her children Donald Trump Jr., Ivanka Trump, and Eric Trump are the main heirs. The falling price means their inheritance will be much smaller than expected.
Unlock true financial freedom by rewriting subconscious 'scripts': CA’s money lessons for new generation
Financial freedom is not only about wealth accumulation but also about breaking inherited money habits, says Chartered Accountant Abhishek Walia. In a LinkedIn post, he explained that many financial behaviours—such as over-saving, mistrust of financial products, or fear of debt—are shaped by family beliefs rather than personal choice. While these patterns may have worked in the past, they often clash with today’s economy of digital payments, startups, and rising education costs.
How the richest man in history built his Rs 11,468,980,000,000 fortune
Mansa Musa, the 14th-century ruler of the Mali Empire, amassed immense wealth through gold and salt resources, controlling a vast territory. His pilgrimage to Mecca caused economic disruption in Egypt due to his lavish gold spending. Musa transformed Timbuktu into a renowned center of learning, attracting scholars and fostering architectural advancements before the empire's eventual decline after his death.
Japan’s population plunges by 900,000 in just 1 year — worst drop in modern history as birth rates hit crisis point
Japan population decline 2024: Japan's population experienced a significant decline in 2024, dropping by over 900,000, marking the largest decrease since 1968. This decline is attributed to a record-low birth rate and a rapidly aging population, with nearly one-third of residents over 65. To address workforce gaps, the country is seeing an increase in foreign residents, particularly in key sectors.
Trump’s 25% tariff on Indian goods could make these everyday items shockingly expensive in the US
Trump India tariff 25%: Starting August 1, a 25% tariff on Indian goods, announced by President Trump, threatens to raise prices on pharmaceuticals, smartphones, jewelry, and home linens. This action follows stalled trade negotiations and impacts $87 billion in Indian exports to the US. Consumers may face higher costs for essential items due to the new import levies.
Bollywood filmmaker died with only Rs 30 in his pocket. His daughter directed 3 Shah Rukh Khan blockbusters, one of which made Rs 400 crore
Farah Khan and Sajid Khan, now Bollywood successes, faced immense hardship after their father, Kamran Khan's, film career collapsed, plunging them into poverty. Forced to work as teenagers to repay debts, Farah found solace in cinema, later becoming a renowned choreographer and director. Sajid, known for the 'Housefull' series, entertained to survive.
Fixed income isn’t just for retirees, it belongs in every portfolio: Jiraaf’s Vineet Agarwal
Vineet Agarwal argues that fixed income investments are beneficial for all investors, not just retirees. He suggests that these investments help young earners build a financial base, support mid-career professionals with short-term goals, and provide retirees with stability. Agarwal also highlights the importance of understanding one's risk appetite and the differences between FDs, debt mutual funds, and corporate bonds.
Monthly Numerology Horoscope, August 2025: Universal Number 8 Brings Bold Action, Karmic Lessons & Power Alignment for All Birth Numbers; Check Numerology Predictions Now
Numerology Monthly Horoscope (August 2025), Numerology prediction: August 2025 is not here to coddle you—it’s here to empower you. It carries the high-vibration intensity of Universal Month Number 8, a number that speaks of karma, leadership, strength, and transformation. After July’s introspective pause, this month is a sharp turning point. You’ll feel called to act, decide, build, and claim your authority—but with accountability. What you plant now has long-term implications. This numerology horoscope for August asks: Are your choices aligned with integrity? Are your goals rooted in truth or ego? Are you ready to own your path fully—success, shadow, and all?
Venus Transit in Gemini on 26th July 2025: Gemini, Leo, Aquarius, and Virgo can have career and relationship gains - What it Means; See Impact on All Zodiac Sign
Venus Transit in Gemini: Venus is the planet of love, beauty, luxury, and relationships. It will be transiting in the Gemini sign on 26th July 2025. This transit enhances your charm, social interactions, intellectual creativity and artistic expression. Mercury and Jupiter are already in the Gemini sign. This creates a powerful alignment for articulate communication and romantic expression. It can also help financially. Gemini, Leo, Aquarius, and Virgo stand to gain the most during this transit.
Inside Steve Jobs' daughter Eve's lavish $6.7million wedding: Kamala Harris, Elton John confirmed guests
Eve Jobs, daughter of Steve Jobs, is set to marry British Olympian Harry Charles in a lavish $6.7 million wedding this week. The ceremony will be held at Estelle Manor, with Kamala Harris among the VIP guests. Elton John is reportedly performing at the four-day celebration. The guest list includes sports stars, politicians, and even royalty, such as Princess Beatrice.
The billionaire exodus: Why India’s rich are heading abroad
Despite India's growing millionaire population, a significant number are leaving, driven by tax scrutiny and economic formalisation. The UAE is a top destination, attracting Indian High Net Worth Individuals (HNWIs) with its zero-tax regime and Golden Visa program.
Can Streedhan be used to repay husband’s debt?
Smruti is protected under the law, which clearly defines streedhan, or property of a married woman. Her jewellery, as well as other gifts that she might have been given by her husband, parents or in-laws, are solely her property and she is free to use these in any way she thinks fit.
Congress has no plan whatsoever to introduce inheritance tax: Jairam Ramesh
Amid controversy surrounding Sam Pitroda's remarks on inheritance tax, the Congress clarified that it has no plans to introduce such a tax, citing Jayant Sinha's past remarks suggesting the Modi government's inclination towards it. Congress leader Jairam Ramesh highlighted Sinha's and Arun Jaitley's statements supporting an inheritance tax.
'Congress ki loot jindagi ke saath bhi, jindagi ke baad bhi': PM Modi hits out at Congress for Sam Pitroda's remark over inheritance tax
Lok Sabha Election 2024: PM Narendra Modi criticized Congress for their stance on inheritance tax and wealth redistribution. Modi accused Congress of burdening people with higher taxes during life and imposing inheritance tax after death. He condemned Rahul Gandhi and his advisor, Sam Pitroda, for proposing policies that would snatch away the wealth earned through hard work. Pitroda's remarks sparked controversy, emphasizing the need for equitable wealth distribution policies.
How to transfer wealth to children in most hassle-free, tax efficient way
If the taxability of inherited income is to be optimised, his children can create a Hindu Undivided Family structure.
How parents can transfer wealth to their children
Choose an option that is flexible, can be modified and is tax-efficient.
Jaya's nephew,niece move HC to administer intestate properties
As the lawful children of Jayalalithaa's brother, who are entitled to inherit the intestate properties, the duo has approached the court seeking to issue letters of administration in their favour.
Plan to make PAN card must for all transactions in gold
The panel was set up to look at various facets of household finance in India on the recommendations of the subcommittee of the Financial Stability and Development Council meeting last year.
No change in gold seizure norms in proposed I-T Law amendments
The proposed amendments also do not seek to tax inherited gold and jewellery, as also those items that are purchased through disclosed or agriculture income
Are you computing your asset allocation correctly?
If you're looking to get the best out of your financial plan, you need to take into account all your investments, instead of just one.
Gold monetisation scheme may not attract major segment of gold owners
The average gold investor is a conservative person who doesn’t like to part with his gold for a certificate from the bank.
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