TDS (Tax Deducted at Source) in India: FAQs

TDS is a system implemented by the Indian government to collect taxes at the point of payment. It provides the government with a consistent source of money while encouraging transparency…

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Tax on Gift Received by an Individual or a HUF – Frequently Asked Questions

Is the receipt of monetary gifts by an individual or Hindu Undivided Family (HUF) taxable?Yes, under the Income Tax Act of 1961, monetary gifts received by an individual or HUF…

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