Latest news with #Rajinder
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Business Standard
26-05-2025
- Business
- Business Standard
Parents, beware: Gifts you get at your child's wedding can be taxed
Let's talk about something most Indian families experience: gifts during weddings. You've probably attended a wedding where the parents of the bride or groom receive 'shagun' or money from friends and relatives. Sometimes it's a token, other times, it's quite a lot. Now here's the big question: Is that money tax-free? Well, according to a ruling by the Punjab & Haryana High Court in 2013, not always. In fact, if you're the parent and the money was given to you during your child's marriage, you could end up paying income tax on it. The man who got gifted Rs 21 Lakh Meet Rajinder Mohan Lal, a Chandigarh resident who received over Rs 21 lakh as gifts from friends and family during his daughter's wedding. Sounds normal, right? He even provided proof that this was just shagun from well-wishers. But when he filed his income tax return in 2007-08, he didn't include that Rs 21 lakh. The Income Tax Department wasn't happy — and added the amount to his taxable income. Rajinder's argument: Hey, I didn't get this money randomly — it was on the occasion of my daughter's wedding! The taxpayer argued that the word "individual" should be interpreted broadly to include gifts received during the marriage of an individual's children, as it is customary in Indian society for parents to receive shagun or monetary gifts during such occasions. "The ITAT Chandigarh ruled the wedding gift tax exemption under Section 56 applies only to the person getting married, not to their relatives. Since Rajinder was not the one getting married—his daughter was—the ₹21 lakh in gifts he received during her wedding was not exempt and was added to his taxable income. The judges concurred that the law clearly refers to gifts received "on the occasion of the marriage of the individual"—meaning the bride or groom, not their parents. The decision reinforced that wedding gifts are tax-free only when received by the couple, not by others," as per an analysis by ClearTax. So, what does the law say? There's a section in the Income Tax Act — Section 56(2)(vi) — that says monetary gifts over Rs 50,000 are usually taxable unless they are: From close relatives Received on your own marriage Or through inheritance, wills, etc. The key word here? "Your own marriage." Rajinder's point was: 'In India, it's common for parents to receive gifts during their children's weddings. So shouldn't that be tax-free too?' Unfortunately for him, the court didn't agree. What did the judge say? However, the High Court rejected this argument, stating that the language of the law was clear and unambiguous. The exemption applies only to the marriage of the individual assessee, not to the weddings of their children or other family members. The judges looked closely at the law and said: 'Sorry, the wording is clear. The exemption is for gifts received on your marriage — not your daughter's, not your son's.' In their words: 'If the legislature meant to include children's marriages, it would have said so.' The taxpayer's appeals to the Commissioner of Income Tax (Appeals) and later the Income Tax Appellate Tribunal (ITAT) were also dismissed. The High Court, in agreement with these earlier decisions, dismissed the final appeal, concluding that no substantial question of law arose in the case. So, Rajinder lost the case — first in front of the tax officer, then in appeals, and finally in the High Court. Why Should You Care? If you're planning a wedding in the family soon — especially of your child — this is a big deal. Here's why: Many people assume that all wedding gifts are automatically exempt from tax. But only gifts given on your own wedding are tax-free. If you're a parent receiving cash gifts during your son's or daughter's marriage (a common practice), you may need to declare them and pay tax — especially if they're from non-relatives. What this means for taxpayers? This ruling serves as a critical reminder that not all wedding gifts are tax-free, especially when received indirectly. What is exempt: Gifts from relatives Gifts received on your own marriage Inheritance or gifts via will What is taxable: Gifts received on the marriage of your children or others Monetary gifts from non-relatives above Rs 50,000 not falling under exemptions A guideline for your tax exemptions, as explained by ClearTax: Although gifts are tax-exempt, any income derived from them is not. What this means for you: Rental income from a gifted property is taxable under 'Income from House Property' Interest earned on gifted cash deposits is taxable under 'Income from Other Sources." Capital gains from sale of gifted assets ( like jewellery and property) are taxable, with the cost of acquisition being the original cost to the donor. How this applies to wedding gifts: When a father gifts his daughter a car worth Rs 1 crore on her wedding, the car is definitely exempt from tax. But when the daughter rents out the same car and earns a rental income, her earnings on the gift now become taxable.
India Gazette
09-05-2025
- Sport
- India Gazette
Hardik, Manpreet, Harmanpreet have guided me: India hockey player Rajinder Singh
Bengaluru (Karnataka) [India], May 9 (ANI): India hockey player Rajinder Singh shared his experience of playing with the men's hockey team and revealed that skipper Harmanpreet Singh, Manpreet Singh, and Hardik have helped him a lot. Rajinder made his senior debut in October last year during a two-match series against Germany, and eight months later, he has become a pivotal part of the Indian men's hockey team. The midfielder is currently training at the Senior National Camp at SAI Bengaluru ahead of India's FIH Hockey Pro League 2024/25 matches in Europe. Talking about the ongoing camp, Rajinder said, as quoted from Hockey India, 'The preparations are going really well. We are working a lot on our fitness. Some players are focusing on fitness, while others are working on stick-and-ball skills, so it's a combination of both. The earlier camp before the Senior National Championships was solely focused on fitness, but now we are doing a bit of everything.' India played the home leg of the FIH Hockey Pro League in Bhubaneswar in February this year, where they bagged fifteen points with five wins in eight games and are currently placed third in the points table. Their three losses came against Spain, Germany, and England, all of whom they defeated in the reverse fixtures. Reflecting on the team's performance in the tournament so far, and talking about the matches ahead, Rajinder said, 'There were quite a few ups and downs in Bhubaneswar, but we learned a great deal from them. We still have video sessions on those matches as we prepare for the upcoming leg. The teams we'll be facing next are very strong, so we need to perform at our best. Our aim is to qualify for the 2026 World Cup through the Pro League.' 'During the Bhubaneswar leg, we realised that while we were making circle entries, we struggled to convert our chances. Right now, we're focusing a lot on our game inside the circle to ensure we convert field goals. We don't want to rely heavily on penalty corners,' he added, discussing India's current strategy. At just 22, Rajinder has already become a core member of the team and a key presence in the midfield. Hailing from Haryana, he rose through the ranks of the junior team, with whom he won the Sultan of Johor Cup in 2022 and the Junior Asia Cup in 2023. He shared his experience playing with the senior squad and said, 'I've learned a lot during my time with the senior players. They guide us youngsters well, and whenever we make mistakes, they show us how to handle the situation, stay calm, and focus on our game.' Rajinder credited senior players Hardik Singh, Manpreet Singh, and captain Harmanpreet Singh for his rapid development over the past few months. 'Hardik paji and Manpreet paji play in the midfield with me, so they guide me a lot. After every mistake, Hardik Paji tells me what I should do next. Even Harman paji often calls out to me from behind to guide my positioning,' he said. Rajinder has been in fine form this year. He also played a crucial role for the Hyderabad Toofans in the Hockey India League 2024/25 season, helping the franchise finish as runners-up. He continued to build on that momentum and impressed during the opening games of the FIH Hockey Pro League 2024/25, featuring in seven out of India's eight matches. India's European leg of the FIH Hockey Pro League is scheduled for June, where they will face formidable opponents in the Netherlands, Argentina, Australia, and Belgium. When asked about his personal goals for the upcoming tournament, Rajinder replied, 'The teams we are about to face play an extremely aggressive and attacking style of hockey. I want to focus on my defence because I don't want any player to dodge past me or break through my defence. They play a very physical game, so I will ensure I play shoulder-to-shoulder with them.' (ANI)
United News of India
09-05-2025
- Sport
- United News of India
Hardik, Manpreet & Harmanpreet have helped me a lot: Rajinder Singh
Bengaluru, May 9 (UNI) Rajinder Singh made his senior debut in October last year during a two-match series against Germany, and eight months later, he has become a pivotal part of the Indian Men's Hockey Team. The midfielder is currently training at the Senior National Camp at SAI Bengaluru ahead of India's FIH Hockey Pro League 2024/25 matches in Europe. Talking about the ongoing camp, Rajinder said, 'The preparations are going really well. We are working a lot on our fitness. Some players are focusing on fitness, while others are working on stick-and-ball skills, so it's a combination of both. The earlier camp before the Senior National Championships was solely focused on fitness, but now we are doing a bit of everything.' India played the home leg of the FIH Hockey Pro League in Bhubaneswar in February this year, where they bagged fifteen points with five wins in eight games and are currently placed third in the points table. Their three losses came against Spain, Germany, and England — all of whom they defeated in the reverse fixtures. Reflecting on the team's performance in the tournament so far, and talking about the matches ahead, Rajinder said, 'There were quite a few ups and downs in Bhubaneswar, but we learned a great deal from them. We still have video sessions on those matches as we prepare for the upcoming leg. The teams we'll be facing next are very strong, so we need to perform at our best. Our aim is to qualify for the 2026 World Cup through the Pro League.' 'During the Bhubaneswar leg, we realised that while we were making circle entries, we struggled to convert our chances. Right now, we're focusing a lot on our game inside the circle to ensure we convert field goals. We don't want to rely heavily on penalty corners,' he added, discussing India's current strategy. At just 22, Rajinder has already become a core member of the team and a key presence in the midfield. Hailing from Haryana, he rose through the ranks of the junior team, with whom he won the Sultan of Johor Cup in 2022 and the Junior Asia Cup in 2023. Sharing his experience playing with the senior squad, he said, 'I've learned a lot during my time with the senior players. They guide us youngsters well, and whenever we make mistakes, they show us how to handle the situation, stay calm, and focus on our game.' Rajinder credited senior players Hardik Singh, Manpreet Singh, and captain Harmanpreet Singh for his rapid development over the past few months. 'Hardik paji and Manpreet paji play in the midfield with me, so they guide me a lot. After every mistake, Hardik paji tells me what I should do next. Even Harman paji often calls out to me from behind to guide my positioning.' Rajinder has been in fine form this year, also playing a crucial role for the Hyderabad Toofans in the Hockey India League 2024/25 season, helping the franchise finish as runners-up. He continued to build on that momentum and impressed during the opening games of the FIH Hockey Pro League 2024/25, featuring in seven out of India's eight matches. India's European leg of the FIH Hockey Pro League is scheduled for June, where they will face formidable opponents in the Netherlands, Argentina, Australia, and Belgium. When asked about his personal goals for the upcoming tournament, Rajinder replied, 'The teams we are about to face play an extremely aggressive and attacking style of hockey. I want to focus on my defence because I don't want any player to dodge past me or break through my defence. They play a very physical game, so I will ensure I play shoulder-to-shoulder with them.' UNI BM
Hans India
09-05-2025
- Sport
- Hans India
‘Hardik, Manpreet and Harmanpreet have helped me a lot': Rajinder Singh on playing with senior squad
Bengaluru: Rajinder Singh made his senior debut in October last year during a two-match series against Germany and eight months later, he has become a pivotal part of the Indian men's hockey team. The midfielder is currently training at the Senior National Camp at SAI Bengaluru ahead of India's FIH Hockey Pro League 2024/25 matches in Europe. Talking about the ongoing camp, Rajinder said, 'The preparations are going really well. We are working a lot on our fitness. Some players are focusing on fitness, while others are working on stick-and-ball skills, so it's a combination of both. The earlier camp before the Senior National Championships was solely focused on fitness, but now we are doing a bit of everything.' India played the home leg of the FIH Hockey Pro League in Bhubaneswar in February this year, where they bagged fifteen points with five wins in eight games and are currently placed third in the points table. Their three losses came against Spain, Germany and England - all of whom they defeated in the reverse fixtures. Reflecting on the team's performance in the tournament so far and talking about the matches ahead, Rajinder said, 'There were quite a few ups and downs in Bhubaneswar, but we learned a great deal from them. We still have video sessions on those matches as we prepare for the upcoming leg. The teams we'll be facing next are very strong, so we need to perform at our best. Our aim is to qualify for the 2026 World Cup through the Pro League.' 'During the Bhubaneswar leg, we realised that while we were making circle entries, we struggled to convert our chances. Right now, we're focusing a lot on our game inside the circle to ensure we convert field goals. We don't want to rely heavily on penalty corners,' he added, discussing India's current strategy. At just 22, Rajinder has already become a core member of the team and a key presence in the midfield. Hailing from Haryana, he rose through the ranks of the junior team, with whom he won the Sultan of Johor Cup in 2022 and the Junior Asia Cup in 2023. Sharing his experience playing with the senior squad, he said, 'I've learned a lot during my time with the senior players. They guide us youngsters well, and whenever we make mistakes, they show us how to handle the situation, stay calm, and focus on our game.' Rajinder credited senior players Hardik Singh, Manpreet Singh and captain Harmanpreet Singh for his rapid development over the past few months. 'Hardik paji and Manpreet paji play in the midfield with me, so they guide me a lot. After every mistake, Hardik paji tells me what I should do next. Even Harman paji often calls out to me from behind to guide my positioning.' Rajinder has been in fine form this year, also playing a crucial role for the Hyderabad Toofans in the Hero Hockey India League 2024/25 season, helping the franchise finish as runners-up. He continued to build on that momentum and impressed during the opening games of the FIH Hockey Pro League 2024/25, featuring in seven out of India's eight matches. India's European leg of the FIH Hockey Pro League is scheduled for June, where they will face formidable opponents in the Netherlands, Argentina, Australia and Belgium. When asked about his personal goals for the upcoming tournament, Rajinder replied, 'The teams we are about to face play an extremely aggressive and attacking style of hockey. I want to focus on my defence because I don't want any player to dodge past me or break through my defence. They play a very physical game, so I will ensure I play shoulder-to-shoulder with them.'
The Sun
08-05-2025
- Business
- The Sun
Indian national company director facing CBT charge granted bail of RM50,000
KUALA LUMPUR: An Indian national company director facing a criminal breach of trust (CBT) charge was today granted bail of RM50,000 with two local sureties by the High Court. Justice K. Muniandy granted the application after hearing a bail review submitted by counsel Daniel Annamalai, who represented Rajinder Singh, 57, following the Sessions Court's earlier decision to deny bail. 'The Court allows the applicant to be released on bail of RM50,000 with two Malaysian sureties, with the additional condition that his passport be surrendered to the court,' he ruled. Earlier, deputy public prosecutor Izalina Abdullah informed the court that the prosecution had proposed bail of RM70,000 at the Sessions Court, however, it was ultimately subject to the discretion of the presiding judge. 'Should this court allow the applicant to be released on bail, we propose the same amount, RM70,000, with two Malaysian sureties and the additional condition that the applicant surrenders his passport to the court,' she submitted. Meanwhile, Daniel submitted that the Sessions Court had denied bail on the grounds that his client is a foreign national. However, he informed the High Court that Rajinder has been residing in Malaysia for approximately eight years for employment purposes and holds valid travel documents. 'The proposed sum of RM70,000 is excessive for my client. We respectfully request that bail be set at RM40,000 should this honourable court be minded to grant bail,' he said. On May 5, Rajinder pleaded not guilty in the Sessions Court here to a CBT charge involving RM141,486.12, belonging to Vantage Trading Partners, entrusted to him as an authorised signatory of the company. He allegedly committed the offence at the company's premises at Ilham Tower, Jalan Binjai here, on Oct 13, 2021, and Nov 26, 2021, and was charged under Section 409 of the Penal Code, which carries an imprisonment of between two and 20 years, caning and a possible fine upon conviction. The accused also claimed trial to an alternative charge of misusing the same funds without the consent or ratification of a general meeting, at the same location and on the same dates, under Section 218(1)(a) of the Companies Act 2016, which provides a maximum penalty of five years imprisonment, a fine of up to RM3 million, or both.
