Gifts received from relatives during Diwali are completely exempt from taxation under the provisions of the Income Tax Act. However, when it comes to gifts from non-relatives, the tax rules and guidelines differ.
There are many duties a maid of honor is responsible for leading up to and on the day of the wedding. We've put together the ultimate checklist so you don't miss a thing.
In India, if an individual receives a gift, whether it's cash, immovable property, or any other item of value exceeding Rs. 50,000 from a non-relative, it generally falls under taxable income.
The Pakistan government is reluctant to disclose the information pertaining to the gifts Prime Minister Imran Khan had received since he assumed power in 2018,
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