Taxation of gifts as per income tax

CA Himanshu Gandotra , Last updated: 02 May 2021  
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Introduction In todays scenario, the custom of gift sharing is in much trend. Also since the Diwali festival is approaching, many people exchange very valuable gifts. While exchanging such gifts, a doubt arises whether Tax has to be paid on same. Though gifts are the outside purview of

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CA Himanshu Gandotra
(Chartered Accountant)
Category Income Tax   Report

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