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Gift Tax: What's in a Gift?

Feb 08, 2012 at 14:32 | Source: Moneycontrol.com

The last thing that you want to think of while receiving a gift is about the tax implications of it.

No tax on gifts from your parents

Apr 19, 2007 at 12:12

However, it's not a good idea to accept monetary gifts from your wife. Tax Expert Subhash Lakhotia tells you why.

Giving cash gifts? Taxman is watching

Oct 17, 2006 at 16:56

The tax authorities require the donee to substantiate and prove the genuineness of the gift, generally in case of gifts of large amounts, especially where the donor was a non-resident abroad.

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