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Ambani ने करोड़ों का TAX बचाया ऐसे🤯 #incometax #ambaniwedding
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9,234 Views • Jul 26, 2024 • Click to toggle off description
Secrets Rich Will Never Tell (PART-8)🤯

Most notable exemption under Income Tax Law: “Gifts received by an individual at the time of their marriage is not taxable.“🤑

- Type of Gifts Covered: This exemption includes cash, cheques, items, and even immovable property received as gifts during the wedding.
- There is no threshold limit to the amount of wedding gifts that are exempt from tax.
- But any income earned from these wedding gifts is taxable. For example, rental income earned from house property received as a wedding gift is taxable.
- Also note: Disclosure of wedding gifts received should be made in the Income Tax Return (ITR) under the Schedule Exempt Income.

#bhanupathak #personalfinance #indianstockmarket #stockmarket #ambaniwedding #incometax #budget #taxation #richlife #financialliteracy #savetax #incometaxreturn
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Uploaded At Jul 26, 2024 ^^


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RYD date created : 2024-07-27T19:41:03.474792Z
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