Usually, people express their love and fondness through gifts. We all love to receive the gifts. We celebrate various festivals attend marriage ceremonies and giving or receiving gifts is the inherent part of it. However, most people are not aware of the tax implication on gifts. They are not aware of the fact that gifts may land them into tax implications. We frequently hear that cars and homes are being gifted, especially during the marriages. But we are not aware of the fact that these gifts are taxable after a certain limit Read More..
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