Gift Tax Archives | H&R Block | Blog
March 23, 2017
Gift Tax in India

How to Ensure your Gifts are exempted from Gift Tax in India?

In India we express our love and affection through gifts. Brothers gift sisters on Raksha Bandhan. Parents gift their children on every occasion, especially during marriage. Grandchildren are the recipients of loads of gifts from grandparents. We often hear of cars being gifted and homes […]
January 30, 2014

Tax Planning- Save tax through gifts to your family

For the financial year 2013-14, an individual taxpayer’s taxable income (other than capital gains) above Rs. 10 lakhs is taxed at 30.9%. The individuals who are in the highest tax bracket would naturally want to shift some of their income to other family members who […]