complete online personal finance knowledge book


Self Browse :



Gift Tax

Although Gift Tax Act does not exist anymore in India, any gift received in cash or kind (like property, jewelry) of value over Rs 50,000 becomes part of one's total income and is taxable as per income tax slab. However some exemptions are permitted- gifts from relatives, gifts on wedding or as a will, inheritance, etc are not charged tax.

List of All Glossaries


Get the all financial products under one roof only at

you will NEVER GO WRONG with us!

Unbiased . Best Deals . Appropriate Products . No Mis-selling