Get App

Co-Partners

Associate Partners

YOU ARE HERE > Moneycontrol > Taxes > Glossary

Taxes

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Do I need to pay tax on gifts received?

Gift received in cash, which exceed Rs 50,000, are taxable. However, gift tax is not applicable in the following situations:

Cash received from a relative
Cash received on the occasion of marriage
Cash received through a will or inheritance

Other Sections
Sections
Follow us on
Available On
PCI DSS Compliant