Gift Limit 2025 Taxes In India. Tax on gifts falls under the purview of ita and gifts up to โน 50,000 per annum are exempt from taxes in india. Besides, gifts from certain relatives like parents, spouse, and siblings also fall.
Besides, gifts from certain relatives like parents, spouse, and siblings also fall. The exemption applies to cash, valuables, immovable property, or any other form of gift.
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