Equipping Modern Enterprises with Powerful GST, E-Way Bill & E-Invoicing Solutions

logo image
  • GST Filing & Reconciliation
  • E-Way Bill Automation & E-Way Bill APIs
  • E-Invoicing Simplified
  • GSTIN Search
  • Expert Assistance

Income Tax On Gifts In India

The practice of presenting and receiving gifts is age-old. With the changing times, certain people have misused the concept of gifts to evade taxes. The law prohibits tax evasion. To track and tax unauthorised payments made in the form of gifts (cash and kind), the Income Tax (IT) Act has inserted few provisions under section … Read moreIncome Tax On Gifts In India