Gift Tax In India
Gift tax in india is regulated by the gift tax act which was constituted on april 1, 1958. It is also a birth place of many religions like hinduism, sikhism,. Web the rate of gift tax in india varies depending on the type and value of the asset. Cash gifts are taxable as per the.
The indian culture has thousands of years of history as well as various traditions attached to it. As an ri, you can gift immovable property. Web gift tax in india. Web for a long time, gifts were taxable under gift tax act,1957 wherein tax was payable by the donor and exempt in the hands of donee.
