Learn the hidden rules of Gift Tax in India. This section covers when gifts are taxable, the meaning of the ₹50,000 threshold, and the applicable exemptions. This video explains gift taxation on cash, property, and assets from friends, relatives, and even abroad, with real examples. By the end, you’ll know exactly when gifts are tax-free and when they are taxed.
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0:00 Intro
0:34 What is Gift?
0:50 Types of Gifts
1:29 Case of Partial Payment for Movable/Immovable Property
1:56 Exemptions on Gift Tax
3:15 Gift Tax on Money from Friends
3:38 Gift Tax on Gifts from Relatives
5:25 Gift Tax Exemption on Marriage Occasion
6:00 Gift Tax Exemption Under Will/ Inheritance
7:12 Gift Tax Exemption from Registered Institutions
7:32 Gift Tax Exemption on Immovable Property
8:05 Gift Tax Exemption on Movable Property
8:37 Threshold for Gift Tax
9:20 Gift Tax Calculation
9:32 Outro
About the Video
Most people think gifts are always tax-free, but that’s not true. The Income Tax Act has clear rules on when gifts are taxable and when they’re exempt. In this video, we explain what qualifies as gift money, movable property (such as shares and jewellery), or immovable property (such as land and buildings). You’ll learn about the ₹50,000 threshold limit and how even small gifts can add up to create a tax liability.
We break down the list of relatives from whom gifts are fully exempt and highlight why marriage is the only personal occasion where tax-free gifts are allowed. We cover every situation with practical examples, from friends or foreign remittances to undervalued property deals. We also explain how gifts are taxed under “Income from Other Sources” and added to your income based on your tax slab.
By the end of this video, you’ll clearly know which gifts are taxable, which are exempt, and how to plan smartly. Don’t risk penalties or confusion. Watch till the end to learn how Gift Tax impacts your income and when you can safely enjoy tax-free gifts.
In this video, we will cover the following concepts:
● What is a Gift?
● Type of Gifts
● Monetary Gifts
● Movable Property Gifts
● Movable Property for Inadequate Consideration
● Immovable Property Gifts
● Immovable property for inadequate consideration
● Threshold Limit on Gifts
● Tax Free Gifts
● Treatment of Different Gifts
● Treatment of Gifts from Friends
● Treatment of Gifts from Abroad
● Treatment of Immovable Property Gifts
● Treatment of Movable Property Gifts
● How are Gifts Taxed?
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