HOW ARE GIFTS TAXED IN INDIA?

Today, law related to taxation of gifts cover all ‘persons’ who are in receipt of specified gifts

BV Y IKAS VA SAL Pallavi Talavlikar and Sameer Shah contributed to this article. Vikas Vasal is national leader tax–Grant Thornton India LLP. You can send your queries to vikas.vasal@in.gt.com
News


The word ‘gift’ generally brings with it a feeling of reward and gratitude, without any obligation on part of the recipient. However, little does a recipient know that the gift could also have a tax incidence associated with it. Broadly speaking, the...

Read latest Mint Asia online.

Online newspapers at PressDisplay.