Are Your Diwali Gifts Taxable? Know the Income Tax & GST Provisions

CA Umesh Sharma , Last updated: 21 October 2025 Share Follow on Google News

In a creative Arjuna-Krishna dialogue themed around Diwali, the discussion highlights the tax implications of gifts received during festive occasions. Krishna explains that while gifts from relatives or on occasions like marriage are fully exempt, gifts from non-relatives exceeding Rs 50,000-whether

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CA Umesh Sharma

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