Diwali gift tax rules 2026: Will gifts worth over ₹50,000 from friends attract tax on the entire amount? Expert explains
Diwali gifts worth over ₹50,000 from friends can attract income tax on the entire amount. CA Swati Jain explains the ₹50,000 annual exemption, tax rules for gifts from relatives and employers, and how recipients can avoid unexpected tax liabilities. Read on to learn more.
Full story
Read the full story at Mint (India) ↗
Continue reading this story on Mint (India), the publisher that reported it.
AI tools
Written by AI from the article text. It can make mistakes; check the original story.
