From Livemint
Center-Right Owned by HT Media Ltd.Key income tax rules explained: Gifts above ₹50,000 in a year: When is the full amount taxable? Marriage exemptions
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Received cash, property, or jewellery as a gift? Under the Income Tax Act 2025, gifts exceeding ₹50,000 in a year are fully taxable, not just the excess amount. Know which gifts are tax-free and how marriage exemptions work.
