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gift from relatives

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Gifting to NRIs: Shares & Money Transfer Rules

Income Tax : Explore the guidelines for gifting shares and money from residents to non-resident relatives under FEMA and LRS, ensuring complian...

February 26, 2024 2640 Views 0 comment Print

Format of Gift Deed

Income Tax : Explore the intricacies of a Gift Deed, detailing the transfer of shares with love and affection. Understand the legalities, assur...

February 2, 2024 15195 Views 0 comment Print

शादियों के मौके पर बन सकती है आपकी पूंजी और टैक्स भी नहीं लगेगा

Income Tax : आयकर रिकार्ड करने को सुलझाएँ किसी भी शादी मौके पर ...

November 29, 2023 2301 Views 0 comment Print

Are gifts received from relatives on Diwali subject to taxation?

Income Tax : Explore the intricacies of Diwali gift tax provisions in India. Uncover the exemptions, taxable scenarios, and asset consideration...

November 7, 2023 2487 Views 0 comment Print

Tax Treatment of Gifts Received By an Individual or HUF: Rules & Exceptions

Income Tax : Tax treatment of gifts for individuals and HUFs, covering monetary, immovable, and movable property, exceptions, and COVID-19 reli...

November 3, 2023 17136 Views 0 comment Print


Latest News


Ancestral family property can be ‘gifted’ away : Bombay HC

Finance : he Bombay High Court ruled on Wednesday that no part of an ancestral family property can be ‘gifted’ away. The court in a land...

March 19, 2010 5980 Views 0 comment Print


Latest Judiciary


ITAT Deletes Addition on Marriage Gifted Jewellery

Income Tax : ITAT Delhi rules in favor of Anuj Sood in a case involving jewellery gifted during marriage, prior to a tax search action. Discove...

August 6, 2023 894 Views 0 comment Print

ITAT delhi Deletes Addition of Cash Gifts Received from Mother

Income Tax : In Sharon Agarwal Vs ITO, ITAT Delhi deletes addition of cash gifts received from mother. Explore implications of this landmark de...

June 7, 2023 1086 Views 0 comment Print

No capital Gain Tax on Gift of Immovable Property to Sister

Income Tax : From gift deed it is crystal clear that the said property was gifted by assesee to his sister out of natural love and affection an...

May 5, 2023 3627 Views 0 comment Print

ITAT deletes Addition for Cash Gift from Uncle and Aunt

Income Tax : It is pertinent to note that to meet the emergency situation of additional expenses by the assessee the assessee has obtained cash...

January 29, 2023 2280 Views 0 comment Print

No addition for Cash Gift from Siblings for Medical Emergencies

Income Tax : ITAT held that cash gifts received by the assessee from her brother and sister cannot be added as unexplained income under section...

August 16, 2022 975 Views 0 comment Print


Latest Posts in gift from relatives

Gifting to NRIs: Shares & Money Transfer Rules

February 26, 2024 2640 Views 0 comment Print

Explore the guidelines for gifting shares and money from residents to non-resident relatives under FEMA and LRS, ensuring compliance with Indian regulations.

Format of Gift Deed

February 2, 2024 15195 Views 0 comment Print

Explore the intricacies of a Gift Deed, detailing the transfer of shares with love and affection. Understand the legalities, assurances, and the absolute ownership bestowed upon the Donee in this comprehensive guide.

शादियों के मौके पर बन सकती है आपकी पूंजी और टैक्स भी नहीं लगेगा

November 29, 2023 2301 Views 0 comment Print

आयकर रिकार्ड करने को सुलझाएँ किसी भी शादी मौके पर किंतु तहसील नहीं करें। शादी में आने वाले गिफ्ट एवं कैश को साबित करें और टैक्स नहीं लगे।

Are gifts received from relatives on Diwali subject to taxation?

November 7, 2023 2487 Views 0 comment Print

Explore the intricacies of Diwali gift tax provisions in India. Uncover the exemptions, taxable scenarios, and asset considerations that can impact your festive generosity.

Tax Treatment of Gifts Received By an Individual or HUF: Rules & Exceptions

November 3, 2023 17136 Views 0 comment Print

Tax treatment of gifts for individuals and HUFs, covering monetary, immovable, and movable property, exceptions, and COVID-19 relief provisions.

Taxability of Gifts in the Hands of Recipients Simplified

October 21, 2023 15357 Views 11 comments Print

Learn about gift tax rules in India, including exemptions, taxability, and the impact on recipients. Get insights into tax-saving options.

Taxability of Gifts under Income Tax Act, 1961

August 17, 2023 13644 Views 0 comment Print

Explore detailed rules and exemptions of gift taxation in India under Income Tax Act, 1961, including classification and tax implications for different types of gifts.

Taxation on Gifts under Income Tax Act, 1961- An In-depth Summary

August 14, 2023 4941 Views 0 comment Print

Explore the rules and regulations surrounding gift taxation in India. Learn about taxable gifts, exemptions, and ways to comply with the Income Tax Act.

ITAT Deletes Addition on Marriage Gifted Jewellery

August 6, 2023 894 Views 0 comment Print

ITAT Delhi rules in favor of Anuj Sood in a case involving jewellery gifted during marriage, prior to a tax search action. Discover details and implications of the ruling.

Taxability of Gift received by an individual or HUF with FAQs

July 24, 2023 362388 Views 60 comments Print

Learn about the tax implications of monetary and movable gifts received by individuals or Hindu Undivided Families (HUFs). Understand the exemptions and conditions for tax liability. Read more!

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