Gift Tax 2024 Limit In India

Gift Tax 2024 Limit In India. Gift tax rules for nris under the erstwhile gift tax act, any gift exceeding a value of rs 50,000 was taxable at a rate of 30%. Learn about gift deeds, tax exemptions, capital gains, stamp duty, and registration requirements.


Gift Tax 2024 Limit In India

There is no tax on gifts received from relatives in india because the gift tax has been exempt. This excluded gifts exchanged between relatives.

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