Narayana Murthy gifts Infosys shares worth Rs 240 cr to his 4-month-old grandson: How are gifts taxed in India?
Under the Income Tax Act, gifts received from relatives are not taxed. Gifts received on the occasion of one#39;s marriage, or by way of a will, too, are not taxed, nor is one#39;s inheritance. But gifts received from non-relatives are…
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