How gifts are taxed in India? | Gift tax explained

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  • Опубликовано: 12 июл 2024
  • How gifts are taxed in India? ft. Aleena Rais
    Watch this video to know how different types of gifts (movable and immovable property) are taxed when received from different relatives and friends.
    00:00 - Introduction
    01:29 - Background on Gift Tax
    02:56 - What is a Gift as per the Income Tax Act?
    03:50 - Which Gifts are Exempt from Gift Tax?
    08:06 - Tax Treatment of Monetary Gifts Received by an Individual
    09:36 - Tax Treatment of Immovable Property Received as Gift
    15:20 - Tax Treatment of Movable Property Received as Gift
    17:09 - How to Declare Tax on Gifts in India?
    18:08 - Conclusion
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Комментарии • 56

  • @KirpalSinghFatani
    @KirpalSinghFatani 8 месяцев назад +12

    The Way She Calmly Speaks, Wish Our School Get Teachers Like Her 😅

    • @ShreyashPatil1811
      @ShreyashPatil1811 8 месяцев назад

      Bro she was a teacher earlier.
      CA Teacher. Agr itna pasand aa raha hai to CA Kr lo inke recorded courses honge hi past ke.

    • @KirpalSinghFatani
      @KirpalSinghFatani 8 месяцев назад

      @@ShreyashPatil1811 Relax Man, Compliment Hi Diya Tha 😅

    • @ShreyashPatil1811
      @ShreyashPatil1811 8 месяцев назад

      @@KirpalSinghFatani i am also kidding 😅

    • @RonaldoBarla
      @RonaldoBarla 8 месяцев назад +1

      😂😂 100 mein 1 hi iss tarike se baat krte hain

  • @kamalbardia8203
    @kamalbardia8203 10 дней назад +1

    Very nicely explained by you
    Jay Hind

  • @ShreyaVitalapuram
    @ShreyaVitalapuram 6 месяцев назад

    Very well explained !

  • @laxmipatwalniceepisode5579
    @laxmipatwalniceepisode5579 8 месяцев назад +2

    Nice explain

  • @RonaldoBarla
    @RonaldoBarla 8 месяцев назад +1

    Notes banane mein madad milega agle mahine Income Tax ka back paper hai 😅 ❤Nice explanation

  • @yashikabansal3056
    @yashikabansal3056 8 месяцев назад +1

    Thanks mam

  • @malezen6676
    @malezen6676 8 месяцев назад +1

    thanks mam

  • @VinayKumar-jp1ud
    @VinayKumar-jp1ud 8 месяцев назад +2

    With due respect, I think you forgot about clubbing of income. It's very much relevant here.

  • @PhilSommer2
    @PhilSommer2 8 месяцев назад +2

    My honest advise to new investors ,buy and hold quality stocks. Ignore market forecasts and opinions, they're mostly entertaining but not very helpful.

  • @pankajpubg7801
    @pankajpubg7801 8 месяцев назад

    Weekly stock recommend ❤❤❤😊😊

  • @InSiDe__GAMingYT_
    @InSiDe__GAMingYT_ 8 месяцев назад +2

    Gifts exempt -
    @ occasion
    @close relatives
    @in case of
    amulgation
    Division
    Holding and subsidery
    - Reciver must be indian company
    @ division of HUF
    @ gifts reciept from local government
    Or from any charity ,religion
    These are some gifts which wre exempt gifts
    And tax on gift is on basis of
    Cash , immovable property, movable property .
    For further consultancy inquiry

  • @rajputboys6124
    @rajputboys6124 2 месяца назад +1

    Nice to gift share

  • @RK-km4it
    @RK-km4it 5 месяцев назад

    Mam, groww app se share purchase karne pe usse kisi aur person ko kaise gift kar sakte hai.Groww app me koi option show nahi kar raha.

  • @nirajnawalbihari6014
    @nirajnawalbihari6014 8 месяцев назад

    Please make a video on capital gain tax

  • @abhishekgupta_24_
    @abhishekgupta_24_ 8 месяцев назад

    Please suggest some stocks which have the potential to 10x our money in coming 1 to 2 years.

  • @pankajgupta9693
    @pankajgupta9693 8 месяцев назад +3

    Hi. Can you clarify? Recently I gave money as gift to my daughter in law. But my CA told me this money will be taxable . He said money given to son or daughter is not taxable and so the best way to give gift to daughter in law would be to route it via son. I tweeted this discrimination to finance minister and IT department. Please clarify.

  • @marinersvlog9983
    @marinersvlog9983 4 месяца назад +1

    What if a person wins a bike or car in a contest. What will it be taxed as ??

  • @satyendrakumarsharma3513
    @satyendrakumarsharma3513 2 месяца назад

    How are the Gifts to HUF considered ? Can my in-laws gift shares to my HUF ?
    How to specify that the amount been transferred to someone is actually a 'gift' ?

  • @mampuzhasunil
    @mampuzhasunil 8 месяцев назад

  • @its_heartless
    @its_heartless 8 месяцев назад

    ❤❤

  • @anshumanpandey4634
    @anshumanpandey4634 3 месяца назад

    Is Cash gift rec'd rs 2 lakh from relative is allowed with exemption

  • @devashishtyagi0025
    @devashishtyagi0025 8 месяцев назад

    How will you prove whether any gift is given in marriage?

  • @reg4026
    @reg4026 3 месяца назад +1

    50,000 ₹ mein saal bar ka vad paav bhi nahi aata.

  • @debayandattachowdhury
    @debayandattachowdhury 2 месяца назад

    I have zero income. There has been TCS deduction on gift I received. Can I claim that?

  • @RajaBabu-cs4lu
    @RajaBabu-cs4lu 8 месяцев назад

    Grow PR future bye and sale kaise karte Hain video banaa do please

    • @Groww
      @Groww  8 месяцев назад

      Hello Raja,
      How to Trade in Futures and Options,
      To know more click on this link: groww.in/blog/how-to-trade-in-futures-and-options

  • @akshatgamingbuddy9094
    @akshatgamingbuddy9094 4 месяца назад

    Mam Please tell can my father's real sister (my bua) gift me shares to which i cannot have to give tax.

  • @beautyskincare75
    @beautyskincare75 4 месяца назад

    If we received gift from father via bank transfer, and hence it is non-taxable, do we need to declare it somewhere?

  • @subhashnaik3591
    @subhashnaik3591 3 месяца назад

    I and my younger brother holding shares of different listed companies in joint names. After his demise such shares transferred in my name. Now I want to transfer such shares to wife of my younger brother as a gift. What is tax implication for my side for this transaction and is there any need to do gift deed for this transaction?

  • @aswanipandey295
    @aswanipandey295 2 месяца назад

    How to gift shares to someone in groww

  • @vity3123
    @vity3123 8 месяцев назад +1

    📀means maternal grandparents have no relation with grandchildren?

  • @sujitpalai4407
    @sujitpalai4407 Месяц назад

    Hello ma’am.
    If I give my father 50k rupees in cheque. Can I claim tax deduction benefit under new tax regime?

  • @always_sanatan
    @always_sanatan 8 месяцев назад +1

    Income from other sources ke under section 56(10)

    • @kayasth01
      @kayasth01 8 месяцев назад

      Just ca things... 💪💪

  • @rajchaudharyvlogs1586
    @rajchaudharyvlogs1586 8 месяцев назад

    6:44 😅

  • @Vickyy11001
    @Vickyy11001 2 месяца назад

    But giver will pay tax right ?

  • @nandiniray7655
    @nandiniray7655 2 месяца назад

    if parents are gifting jewellery in advance for wedding then how does it pan out

    • @nandiniray7655
      @nandiniray7655 2 месяца назад

      when i say in advance i mean a year or so in advance

  • @devashishtyagi0025
    @devashishtyagi0025 8 месяцев назад +1

    How much tax do we have to pay if the gift is ₹60,000?

    • @kayasth01
      @kayasth01 8 месяцев назад

      Depend on your total income

    • @devashishtyagi0025
      @devashishtyagi0025 8 месяцев назад

      @@kayasth01 suppose my annual income is 1 lakh

    • @kayasth01
      @kayasth01 8 месяцев назад +1

      @@devashishtyagi0025 then it will not taxable because your total income is not exceed the basic exemption limit

    • @devashishtyagi0025
      @devashishtyagi0025 8 месяцев назад

      @@kayasth01 correct, but if it's 10 lakhs?

    • @kayasth01
      @kayasth01 8 месяцев назад

      @@devashishtyagi0025 then it will taxable in income under head other source

  • @commercespot1763
    @commercespot1763 8 месяцев назад +1

    My father gave me land in gift deed ...😊

  • @kaamkibaata2z
    @kaamkibaata2z 6 месяцев назад

    How to transfer my entire holdings to my wife name in groww app

    • @Groww
      @Groww  6 месяцев назад

      Hello,
      If you need assistance, our dedicated support team is available and ready to help. You can reach us at +91-9108800604. For more information, visit groww.in/blog/groww-helpline-number/ Also you can write to us at support@groww.in

  • @marce5234
    @marce5234 3 месяца назад

    Aapki language kuchh samj me hi nahi aati