monetary gifts - TAX VIC

Discover the tax implications of receiving gifts in India. Learn about the taxability of monetary gifts, immovable properties, and movable properties for individuals and HUFs. Get answers to common FAQs

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

Post author:TAXVIC
Post published:June 2, 2023
Post category:Financial Planning Gift Tax Gifted Properties Immovable Property Taxation Income Tax Indian Tax Laws Movable Property Taxation PERSONAL FINANCE Tax Exemptions Taxation
Reading time:11 mins read

Tax on Gift Received by an Individual or a HUF Is the receipt of monetary gifts by an individual or Hindu Undivided Family (HUF) taxable? Yes, under the Income Tax…