FAQs on Gifts received by an individual or HUF

Amitav , Last updated: 23 November 2017  
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Are monetary gifts received by an individual or Hindu Undivided Family (HUF) taxable? If the following conditions are satisfied then any sum of money received (i.e., monetary gift may be received in cash, cheque, draft, etc.) by an individual/ HUF will be charged to tax (*): o Sum of money rec

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Published by

Amitav
(Chartered Accountant)
Category Income Tax   Report

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