One of the industry’s most recognisable voices on investing, Radhika Gupta, MD and CEO, Edelweiss Mutual Fund, has helped shape both her fu...

A Mumbai man faced a tax notice for using Rs 13 lakh cash to pay his credit card bill. He explained the cash as gifts from his wife, father...

Whether it is cash, gold, car, or even a property, if gifted to the bride or the groom on their wedding, no tax would be levied on the gift...

India has no legal limit on gold ownership, provided its source is declared income. While CBDT offers seizure guidelines for specific gold ...

Am I supposed to pay tax on a gift from my parents? Our panel of experts answers questions related to any aspect of personal finance. If yo...

Gifting assets to relatives is a way to distribute wealth within the family and ensure financial security for loved ones. Here are some key...

Arnav Pandya explains income tax rules for gifts, highlighting exemptions for gifts from relatives like spouses, parents, and in-laws. Vari...

It is essential for you to evaluate the transactions to check if it falls under taxable scenarios. If the answer is yes, you should volunta...

As 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...

Are all the gifts, cash and things given by the bride’s parents to their daughter and to the groom’s family considered dowry? Does dowry di...

No matter your role in exchanging gifts, there are many do's and don’ts. Here’s what you should know this season.

Kushal Tandon, a popular Bollywood actor, filed an appeal with the Income Tax Appellate Tribunal. The appeal was over several disputed tax ...

As per I-T provisions, a nominal exemption under Section 10(32) up to Rs 1,500 is available per child against income of minor child clubbed...

While gifts from certain people or presents received on certain occasions are non-taxable, you will have to pay a cut to the taxman at othe...

A gift is a voluntary transfer of an asset’s ownership to an individual without full monetary consideration. Are gifts taxable?

A new tax on gifts was introduced according to which, tax would be levied, in the hands of the receiver.

The tax department has willy-nilly become a party-pooper bang in the middle of India’s month-long festive season, characterised by indulgen...