Friday , December 27 2024

Business

Gifts on Gifts: Tax will be levied on giving such expensive gifts to wife, sibling or friend, check the limit immediately

Income tax rules on gifts: We all exchange gifts. Birthday, engagement, wedding, mundan etc. are many such occasions where we give gifts to our friends, close ones and relatives. But sometimes you have to pay tax on gifts also. There are some tax related rules in case of gift giving, …

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