Tax On Gift Income 2024 | Income Tax On Gifts Received | Taxation Of Gifts Under Income Tax Act
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- Опубліковано 18 бер 2024
- Tax On Gift Income 2024 | Income Tax On Gifts Received | Taxation Of Gifts Under Income Tax Act
A very common and frequent question running in the mind of taxpayers is the taxability of gifts. In this video, you can gain knowledge about various provisions relating to the taxability of gifts received by an individual. We have discussed, tax treatment of gifts received by an individual.
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Topics covered
gift deed kaise banaye
tax on gift shares
gift deed for money transfer
gift deed for income tax purpose
cash gift deed stamp duty
section 56 of income tax act
gift tax 2023
tax on gifted shares
tax on gifting stocks
tax on gifted property
income tax on gift received from parents
income tax on gift deed
gift tax explained
gift deed for money transfer
section 56 of income tax act
gift tax act, 1958
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Beautiful awesome video❤
Very good information.
Useful and important information ❤
Very good information
Nice video sir
बहुत बढ़िया। लेकिन पैरेंट को गिफ्ट पर क्लबिंग की बात पर सहमत नही। प्लीज clarify।
Can grandmother transfer money to grand daughter upto 10-20 lac as gift,tax free?
Please also provide information on how to fill ITR, which section for Exemption on gifts from parents
Already available on channel
मैं सरकारी कर्मी हूं मुझे वरीय पदाधिकारी द्वारा 15000हजार नगद राशि एक साल के अंदर प्राप्त हुआ है मुझे कितना टैक्स देना होगा।
Gift kitne tak le sakte hain online paisa
Agar muja koi sear77000 non reletive gifts dia or mara koi incom nai ha tab kea hoga
Or mera incom tax file vhi nahi ha
Bade bhai major children ke case me pure CA students ko btaya jata gai ki clubbing nhi hoti....aap yha oe clubbing hoti h bata rhe
Correct. In this case major will pay tax as per earnings. Banking baba ne galat info di h
Sir, i want to gift 15 cents of empty house building land to my friend's son, on the occasion of his marriage, through a registered gift settlement deed, the guide line value is 32 lakhs. Is it tax free for him as its receiver? Thanks.
Good video. Congratulations. We have small query and hope to get reply?
Getting funds transferred from our NRI son.
Q1: Is Gift deed must?
Q2: Where to show in ITR?
Q3: CA consultation done and it was advised that mentioning in ITR not required.
Please clarify if you feel like. I am sure you like.
For small amounts, the gift deed can be avoided (upto 5 lakh a year.)
Income to be shown in Other Income, and there will be options for "any other," then select that option and write as Gift in description.
Mentioning in ITR is mandatory
@@BankingBaba Thanks sir. Amount is much more than 5 lakhs during last 5 years regularly. My NRI son had sent. No gift deed made. However, IMPS details or RTGS details with dates are available. Now what options are available with us. Request you to give consultation. It may cost. Can I seek your services. If yes, what are your charges and how to connect you.
I believe SON transfering money via Chaque to his mother ( no occasion) . It is not taxable. Lets say now mother invest those money and earn income in that case only that income would be taxable.
Correct me if i am worng.
Money that transferred and income that earn by investment all are under taxable
If you could help to understand the safe investment with good return for people who get money from their deceased
Sir मैंने अभी 1st app से लोन लिया है 1 लाख का और उसको मैं 2nd से रिकवर करूंगा next month. और फ़िर 2nd app के लोन को उसके next month 1st के लोन से रिकवर करूंगा. यह सब इसलिए करूंगा क्योंकि मैं अपनी सैलरी के पैसे को अभी सेव कर रहा हुँ कुछ month....क्यूंकि मेरी सैलरी बहुत कम है. महीने की 12k है. क्या ऐसा करने से मुझे income टैक्स का नोटिस आ सकता है..?
@@CAyashpanjwaniji detail me samjhao sir
If I use to transaction multiple times like Rs. 200, 300, 500 ect in a single day to multiple bank account, but total amount is around 3 lakhs in a single day. Will income tax notice come
Please reply me
No
@@nikhiladwani4412 why please explain, its possible to get notice if the amount is More than 10 lakh. I will be very thankful to you if you clear my confused
Exempt Gift need not be shown in ITR at all. Pl reply.
Show in Exempt Income section
@@BankingBaba In ITR, no field / column . row for Exempt Gift. Pl correct me, if I am wrong.
There is option for exempt income, and there is not specific option for gift, select last option referring "Any Other" and mention there as gift
Very nicely explained by you.
When A has already paid tax then why is B being taxed again on the same amount