Gift Tax 2024 Limits In India. In 2024, you can give up to $18,000 per recipient without having to pay gift tax. Types of gifts that are taxable.


Gift Tax 2024 Limits In India

Thus, from the taxation point of view, gifts can be classified as:  โ€” gifts received in india are taxable if the monetary value of all gifts received without consideration by the recipient exceeds inr 50,000.

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