Gift Tax 2024 Limits In India. This article teaches how do we calculate the gift income tax?  — in 2023, you can make annual gifts to any one person up to a maximum of $17,000 per year ($18,000 in 2024, estimated to be $19,000 in 2025).


Gift Tax 2024 Limits In India

 — gift tax is an indian law which regulates the gifts given by one person to another, who are not close relatives as defined by the income tax law of india.  — gifts upto rs 50,000 per annum are exempt from tax in india.

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