Beware! Diwali, Dhanteras 2021 gifts can be taxed. Check these Income Tax rules to avoid taxmen’s Ire

income tax on gifts received from parents, son, daughter, friends, family, relatives: Not many of us are aware that some of the gifts received on festivals, if not reported properly, may draw the taxmen's ire.

from The Financial Express https://ift.tt/3mgeeOt