Tax Exemption
Latest news, explainers and analysis on Tax Exemption. Tracking 2 stories on Arth Vani.
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Latest on Tax Exemption
BreakingReceived Gifts? Understand When Cash, Property, or Shares Become Taxable in India
Gifts received in India, whether cash, property, or shares, can be subject to income tax depending on the relationship with the giver and the value of the gift. While gifts from specified relatives are fully exempt, others might attract tax under 'Income from Other Sources'. Taxpayers must be aware of these rules to ensure proper reporting in their Income Tax Returns.
Foreign Investment in Indian Bonds Surges by ₹8,795 Crore After Tax Relief
Foreign Portfolio Investors (FPIs) have significantly increased their holdings in Indian government securities following a key tax exemption. This influx of capital under the Fully Accessible Route (FAR) is expected to strengthen the Rupee and improve liquidity in the domestic debt market.
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