Pay Taxes on Gifts: Essential Guide | Jaagruk Bharat

 A gift is something of a voluntary transfer of assets from one person (the donor) to another (the donee) without any consideration. According to India’s Income Tax Act 1961, gift tax is the tax payable by the donor on the gifts made by him or her under certain circumstances.

https://www.jaagrukbharat.com/Do-you-have-to-pay-taxes-on-gifts-too-NDU3

Comments

Post a Comment

Popular posts from this blog

Cash Deposit By UPI | Don’t Have Your Card? Now Deposit Money Through UPI

The Unified Payments Interface (UPI) has become a part of our daily lives, making it easy for us to make transactions over the past couple of years. The Reserve Bank of India has developed a new feature that allows users to withdraw and deposit cash from their accounts without having a physical debit card or even their account number and IFSC number. https://www.jaagrukbharat.com/Dont-Have-Your-Card-Now-Deposit-Money-Through-UPI-NDIx  
Read more

Operation Amanat - Find Lost Luggage - Indian Railway Guide

The Western Railways department and the  Railway Protection Forces (RPF)  have come up with their luggage retrieval service, called ‘ Operation Amanat ’. In case people ever forget or leave a piece of luggage in the train compartment while travelling, this is the helping anchor. RPF  is a security force of India entrusted with protecting railway passengers, passenger areas, and railway property of the Indian Railways. Under the initiative of the  RPF , any passenger who has lost their luggage can avail of this initiative. https://www.jaagrukbharat.com/Lost-Your-Luggage-In-Train-Operation-Amanat-To-Rescue-NDIy  
Read more