Gift Tax 2024 Exemption Under Section

Gift Tax 2024 Exemption Under Section.  — what is income tax on marriage gifts? Income tax on gift received by an individual or huf is governed by provisions of section 56 (2) (x) of the income tax act.

 — this article provides list of relatives covered section 56(2)(vii) of the income tax act,1961.  — this blog post covers the exemption list, provisions, and tips on how to save on gift tax.