A taxing situation
Giving gifts to your loved ones could also impose a tax burden on them except in these cases.
by Naveen Kumar
Nov 29, 2019
2 minutes
Receiving a gift from a loved one can most certainly bring joy but with that being said, such gifts can also come with tax liabilities. It's a sad fact that not all gifts are tax-exempted. If the gifts received by an assessee during a year exceed the limit of Rs 50,000, then the excess amount is to be
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