• Jun 24, 2026
• 8 min read

Tax Implication Guide: How to Handle Gift Money in Income Tax ITR Filing

Confused about taxes on gifts? Our expert guide explains how to report gift money during your income tax itr filing to stay compliant and avoid penalties.

Receiving a gift, whether it’s cash from a relative on your wedding or a property from a close friend, is always a joyful occasion. However, as Chartered Accountants, we at GST Wale often see taxpayers getting into hot water because they overlook the tax implications of these transactions. When you...

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