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No income tax for gifts received by individuals in these seven situations

The Income Tax Department explained the tax implications of monetary gifts for individuals and HUFs, referencing Section 56(2 ...

The Tax Code Is Changing; How Will Donors Respond?

It is important for nonprofit organizations to understand how these changes will affect donors and to talk with them now to ...
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Income Tax: I want to give a gift to my granddaughter instead of my daughter, will it be taxed?

Is Giving to a Granddaughter Tax-Free Like Giving to a Daughter? Experts Explain Gifting money or assets to family members is ...