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CASH GIFT TAXATION
Rs 60 lakh cash gift from late husband: Widow gets income tax notice for'unexplained' credit - Know what ITAT ruled- Rs 85.3 lakh cash gifts from relatives deposited in bank trigger unexplained deposit income tax notice; taxpayer contests and wins case in ITAT Chennai
- JPMorgan to double GIFT City business as $1 billion book expands
- Rs 16 lakh cash seized in income tax raid, tax officer calls it unexplained cash; Taxpayer claims it to be family money, he fights and wins the case in ITAT MumbaiDuring an income tax search operation (raid) Rs 16 lakh cash was seized; Man says its family cash; tax officer does not believe him and cal...31 Aug, 2026, 03.12 PM IST
- ETMarkets NRI Talk | 50-60% in equities? R Sivakumar Axis MF CIO’s Rs 1 crore NRI portfolio playbookR Sivakumar, CIO, Axis Mutual Fund, believes the starting point should be a diversified asset-allocation framework rather than market views...26 Aug, 2026, 08.42 AM IST
- ETMarkets NRI Talk | Why private credit, REITs and PMS are entering the NRI investment conversation, explains Sumegh BhatiaPrivate credit, REITs, InvITs and PMS are gaining interest for their potential to provide differentiated return streams, contractual cash f...25 Aug, 2026, 08.33 AM IST
- Getting expensive wedding gifts? They’re tax-free, but only if you keep these proofs handyWedding gifts, even those by non-relatives or received before or after the wedding, are exempt from tax. But preserve proofs like wedding i...17 Nov, 2025, 04.10 PM IST
- No income tax for gifts received by individuals in these seven situationsThe Income Tax Department explained the tax implications of monetary gifts for individuals and HUFs, referencing Section 56(2)(x) of the In...14 Sep, 2025, 08.49 AM IST
- Father receives Rs 4 lakh as cash gift in son’s marriage and wins income tax case of unexplained income; ITAT Ahmedabad ruling explainedManubhai faced tax issues over cash gifts received before his son's wedding. The tax department alleged undisclosed income. Manubhai contes...29 Aug, 2025, 10.39 AM IST
- Diwali bonus can be taxable in your hands: Know when it is taxed and when it is tax exemptDiwali Bonus is taxable: Around Diwali, employers usually gift their employees either in cash as a bonus or in kind, such as bed sheets, ho...30 Oct, 2024, 05.00 PM IST
- When is a cash gift from NRI relatives taxable for resident Indians?The Income Tax Act of 1961 (IT Act) determines whether gifts received by Non-Resident Indians (NRIs) are taxable and is administered by the...20 Aug, 2024, 11.13 AM IST
- What type of gift is taxed and what is exempted? Arnav Pandya explainsArnav Pandya explains income tax rules for gifts, highlighting exemptions for gifts from relatives like spouses, parents, and in-laws. Vari...03 Apr, 2024, 10.13 AM IST
- Received Diwali Bonus via cash, gift card, e-voucher, prepaid cards? Know how much income tax you will have to payMultiple corporate and some government employees would have received their Diwali bonus. Further it is not always necessary to receive Diwa...24 Nov, 2023, 12.49 PM IST
- Tax on gifts: Documents that you should have while filing ITRGifting is often used to transfer property or money within the family or to relatives by way of will or inheritance. As per the amendment a...15 Jun, 2023, 11.57 AM IST
- When crypto assets received as gift are tax exempt in your handsAs per the Budget 2022 announcement, the gift of virtual digital assets is proposed to be taxed in the hands of a recipient. However, as pe...15 Feb, 2022, 10.13 AM IST
- When are gifts received by NRIs subject to tax, TDS in India?What would be the taxability of the gifts received in India by a Non-Resident Indian (NRI) for income tax purposes? Read on to find out. Fu...19 Dec, 2021, 04.07 PM IST
- I have a monthly recurring deposit of Rs 20,000. Will I have to pay income tax annually?There is an option available to offer interest income for tax on accrual basis or receipt basis, at the discretion of the assessee. In case...26 Jul, 2021, 05.24 PM IST
- Gifts have to be declared in ITR: Here's how they are taxedThe Finance Act 2004 introduced section 56(2)(v) for taxing gifts in the hands of the recipient.19 Jul, 2019, 12.41 PM IST
- Budget impact: Gifts of shares, assets in corporate restructuring now taxableVipul Jhaveri, tax leader at Deloitte, says, “When it comes to public companies, typically transfer will be done at fair value because ther...03 Feb, 2017, 01.22 PM IST
- Present tenseDon’t be overjoyed if you get a huge monetary gift from your friend. If the aggregate amount received from ‘unrelated parties’ exceeds Rs 5...20 Jul, 2006, 02.01 AM IST
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