Gifts exceeding ₹50,000 are taxable under the Income Tax Act as income from other sources. Exemptions apply for gifts from relatives or on special occasions. Full list of exemptions here.
Gifts exceeding ₹50,000 are taxable under the Income Tax Act as income from other sources. Exemptions apply for gifts from relatives or on special occasions. Full list of exemptions here. by Soban News (international And National News)