[ad_1] Today, as families and friends celebrate Diwali with lights, sweets, and gifts, it’s also important to understand how certain gifts and bonuses can impact taxes. Under the Income Tax Act, 1961, gifts received during Diwali—whether cash, vouchers, or items—may become taxable if they exceed specific limits. Let’s break down how gift tax rules work […]
Headline
Tag: diwali bonus income tax
Back To Top