Tax On Diwali Gifts And Party
Diwali season: Do you have to pay tax on gifts received ?
If you receive a cash gift of Rs. 1 lakh from your husband on Diwali, you will not be liable to pay tax on the gift, as it is from a specified relative.
 "Diwali season: Do you have to pay tax on gifts received ?")
Updated On : 09 Nov 2023 | 9:38 AM IST
Gifts received from non-relatives of above Rs 50,000 a year are taxable
Gifts from employer become taxable once their value exceeds Rs 5,000; bonus is also taxable
 "Gifts received from non-relatives of above Rs 50,000 a year are taxable")
Updated On : 18 Oct 2022 | 6:53 PM IST
Corporate gifting: Gold and silver play second fiddle to tech this Diwali
Companies have moved from the traditional coins, idols and mithai towards futuristic gizmos devices and personalised items. Work out your tax liability if you receive an expensive item or cash
 "Corporate gifting: Gold and silver play second fiddle to tech this Diwali")
Updated On : 25 Oct 2019 | 12:29 PM IST
Planning a lavish party this Diwali? Taxman may be your invisible guest
Gone are the days of over-the-top Diwali parties. This year round, the taxman is the invisible - and unwanted - guest at these once extravagant affairs
 "Planning a lavish party this Diwali? Taxman may be your invisible guest")
Updated On : 14 Oct 2017 | 12:31 AM IST
