Gifts are of three types monetary, immovable property, and movable property, the taxability on such gifts vary depending on the Occasion and the person and/or entity from which such gift was received. Gift Tax Calculator gives you the taxability of a transaction.
Get to know more at Tax on Gifts in India | Exemption and Rules
Get frequently asked questions on Gifts and Other Income at What is Other Income in Income Tax & FAQs
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