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Gift Tax Rules in 2017-2018 – Can we save or avoid Gift Tax?

June 21, 2017 Suresh KP

Gift Tax Rules 2017-2018 – Can we save and avoid Gift Tax? Gifts are a symbol of love and affection. Parents give gift to Son or Daughter. Parent in-laws give gifts to daughter in-law or son in-laws during marriage. Many of us break their head whether gift money is taxable in India or not. However one should know what gifts […]

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Gift Tax in India – Rules and exemptions

August 30, 2013 Suresh KP

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 […]

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