Posts Tagged ‘tax on wealth’

Gift Tax and Wealth Tax in India

In Stock Market | Last Updated October 16, 2017|3 Comments
Gift Tax and Wealth Tax in India

As an Indian we are bound to pay multiple taxes :). We pay more than 20 types of taxes to government of India. In this article I will discuss about gift tax and wealth tax. Although we don’t have separate tax called as “Gift Tax”, but if you are going to receive money exceeding value 50,000 Rs/- as a gift get ready to pay additional income tax. Tax on Gift Under Income tax law if you receive any sum of […]


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