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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 1617 Views 0 comment Print

Tax Planning Through Gift

Income Tax : Explore the nuances of Gift Tax under the Income Tax Act, exemptions, and its impact on recipients. Learn about tax planning throu...

February 2, 2024 2142 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 6657 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 2154 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 2400 Views 0 comment Print


Latest News


GST on Gift & perquisites supplied by companies to their employees

Goods and Services Tax : Gifts up to a value of Rs 50,000/- per year by an employer to his employee are outside the ambit of GST. However, gifts of value m...

July 10, 2017 6606 Views 0 comment Print

No Addition U/s. 56 for Immovable Property received at less than stamp duty value

Income Tax : The existing provisions of section 56(2)(vii)(b)(ii) provide that where any immovable property is received for a consideration whi...

January 20, 2016 6904 Views 4 comments Print

ICAI President’s Message – January 2013

CA, CS, CMA : Suggestions on Draft Rule 11UA of Income-tax Rules, 1962 Accepted: I am happy to inform you that our suggestions have found favour...

December 30, 2012 1156 Views 0 comment Print

Priyanka to pay Income Tax on Rs 6 crore and Kasbekar on Rs 4-crore

Income Tax : Actress Priyanka Chopra and photographer Atul Kasbekar will pay income tax on some undisclosed transactions. Priyanka will pay tax...

February 4, 2011 1058 Views 0 comment Print

Income Tax department asks Shah Rukh Khan to pay tax on villa gifted by Dubai Co

Income Tax : The Income Tax department has issued a notice to Bollywood actor asking him to pay tax on the Rs 17.84 crore villa in the UAE, I-...

January 13, 2011 724 Views 0 comment Print


Latest Judiciary


Property Gift Deed cannot be treated as Sham Transaction for mere non-registration of deed

Income Tax : Explore the ITAT Delhi order in ACIT Vs Vibha Taneja case for A.Y. 2014-15. Learn how the CIT(A) defended the assessee against une...

December 20, 2023 47601 Views 1 comment Print

Addition for Property Purchased from Gifts by Relatives- ITAT directs re-adjudication

Income Tax : The recent ITAT Delhi decision in the case of Karamveer Singh Vs ITO emphasises the non-taxability of immovable property bought th...

July 16, 2023 927 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 888 Views 0 comment Print

Gift from HUF not to be added to income of Karta of such HUF

Income Tax : ITAT Surat held that gift received from HUF cannot be added back to the total income of the assessee being Karta (Manager) of such...

May 27, 2023 13737 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 3195 Views 0 comment Print


Latest Notifications


TDS & Tax on Salary | Section 192 | FY 2021-22 | AY 2022-23

Income Tax : CBDT issued Income Tax Circular No. 04/2022 on 15th March 2022 and explained all provisions related to deduction of Tax At Source ...

March 15, 2022 95871 Views 1 comment Print

Fee structure for Depository Participants (DP) operating in GIFT-IFSC

Corporate Law : The depository participants have been permitted to operate in GIFT-IFSC in terms of the applicable provisions under SEBI (Internat...

July 27, 2021 318 Views 0 comment Print

CAs cannot do Valuation of unquoted equity shares under DCF method

Income Tax : Amendment in Rule 11U and 11UA omitting reference to the term accountant, thereby permitting only merchant bankers to determine th...

May 24, 2018 93618 Views 0 comment Print

Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2009

Fema / RBI : In exercise of the powers conferred by sub-section (1) and clause (a) of sub-section (2) of section 46 of the Foreign Exchange Man...

May 22, 2009 2498 Views 0 comment Print


Latest Posts in Gift

Gifting to NRIs: Shares & Money Transfer Rules

February 26, 2024 1617 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.

Tax Planning Through Gift

February 2, 2024 2142 Views 0 comment Print

Explore the nuances of Gift Tax under the Income Tax Act, exemptions, and its impact on recipients. Learn about tax planning through gifting and stay informed about the relevant provisions.

Format of Gift Deed

February 2, 2024 6657 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.

Property Gift Deed cannot be treated as Sham Transaction for mere non-registration of deed

December 20, 2023 47601 Views 1 comment Print

Explore the ITAT Delhi order in ACIT Vs Vibha Taneja case for A.Y. 2014-15. Learn how the CIT(A) defended the assessee against unexplained money addition, citing possession and registered sale deed.

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

November 29, 2023 2154 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 2400 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 16527 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 10779 Views 9 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 9903 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 4476 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.