Gift Tax in India – Rules and exemptions

Gift Tax in India - Rules and exemptions

Gift Tax in India – Rules and exemptions Have you asked your friend to transfer Rs 60,000 to your bank account and have you settled offline through cash? Be careful, as income tax department may scrutinize and ask to pay income tax on the amounts received from your friend in your bank account. You should know the ground rules of Gift tax in India on how to deal them to prove that such transaction is already settled. Hence it is […]

» Read more